Question
Remember I require that you provide an itemization of start-up costs AND a month-to-month income statement for the first year of owning an online
"
Remember I require that you provide an itemization of start-up costs AND a month-to-month income statement for the first year of owning an online store. This income statement should include: Revenue and operating expenses. You dont need to include taxes, just stop at Operating Income line of the Income Statement, Expected Revenue
$2,000 start up costs broken down:
- $480 for website Shopify subscription for the first six months of operation
-
$60 for legal documents and licensing
-
$200 for packaging and shipping costs
-
$1,260 for purchasing products at wholesale
-
I will be solely operating the business and there won't be any payroll expenses. These are the only expenses expected. If all of the products that I purchased at $1,260 sell, what will my profits be? Can you create the month to month income statement and answer the bolded question.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started