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PROJECTED INCOME STATEMENT - MONTH OF JANAURY Large (60%) Small (40%) Total Number of milk shakes expected to be sold 75,000 50,000 Sales price per
PROJECTED INCOME STATEMENT - MONTH OF JANAURY
Large (60%) | Small (40%) | Total | |
Number of milk shakes expected to be sold | 75,000 | 50,000 |
|
Sales price per milk shake (less resort fee) | $9.00 | $6.30 |
|
Cost of goods sold per milk shake | $2.81 | $2.18 |
|
Sales |
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|
|
Less: cost of goods sold | |||
Gross Profit | |||
Less: Operating expenses | |||
Operating Income | |||
Income tax expense (income tax rate = 35%) | |||
Net Income |
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