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    Entrep - 3

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    Kyle joson
    Victor Dave Mercado Joson Iv projected the income statement for their business over the first three years. In year 1, they projected sales of $106.9 million with a net profit of $67.9 million after total operating expenses of $1.55 million. In years 2 and 3, sales were projected to increase by 10% each year while operating expenses increased modestly and net profit increased each year reaching $82.2 million in year 3.

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    Entrep - 3

    Uploaded by

    Kyle joson
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    Victor Dave Mercado Joson Iv projected the income statement for their business over the first three years. In year 1, they projected sales of $106.9 million with a net profit of $67.9 million after total operating expenses of $1.55 million. In years 2 and 3, sales were projected to increase by 10% each year while operating expenses increased modestly and net profit increased each year reaching $82.2 million in year 3.

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    Victor Dave Mercado Joson Iv projected the income statement for their business over the first three years. In year 1, they projected sales of $106.9 million with a net profit of $67.9 million after total operating expenses of $1.55 million. In years 2 and 3, sales were projected to increase by 10% each year while operating expenses increased modestly and net profit increased each year reaching $82.2 million in year 3.

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    Entrep - 3

    Uploaded by

    Kyle joson
    Victor Dave Mercado Joson Iv projected the income statement for their business over the first three years. In year 1, they projected sales of $106.9 million with a net profit of $67.9 million after total operating expenses of $1.55 million. In years 2 and 3, sales were projected to increase by 10% each year while operating expenses increased modestly and net profit increased each year reaching $82.2 million in year 3.

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    of 2

    Victor Dave Mercado Joson Iv

    Grade 12- St.Clare

    PROJECTED INCOME STATEMENT

    Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
    Sales 108,000 216,000 345,600 553,200 1,106,400 2,212,800 3,540,000 5,664,000 9,062,400 14,499,600 23,199,600 46,399,200 106,906,800

    Less: Cost of 37,800 75,600 120,960 193,620 387,240 774,480 1,239,000 1,982,400 3,171,840 5,074,860 8,119,860 16,239,720 37,417,380
    Goods sold
    Gross margin 70,200 140,400 224,640 359,580 719,160 1,438,320 2,301,000 3,681,600 5,890,560 9,424,740 15,079,740 30,159,480 69,489,420

    Operating
    expenses
    Salaries 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 720,000

    Rent 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 420,000

    Utilities 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 72,000

    Sales 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 240,000
    expenses
    Insurance 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 42,000

    Depreciation 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000

    Total 129,500 129,500 129,500 129,500 129,500 129,500 129,500 129,500 129,500 129,500 129,500 129,500 1,554,000
    operating
    expenses
    Net profit (59,300) 10,900 95,140 230,080 589,660 1,308,820 2,171,500 3,552,100 5,761,060 9,295,240 14,950,240 30,029,980 67,935,420
    (loss)
    Victor Dave Mercado Joson Iv
    Grade 12- St.Clare
    1st-3rd year

    Year 1 Year 2 Year 3


    Sales 106,906,800 117,597,480 129,357,228
    Less: Cost of 37,417,380 41,159,118 45,275,030
    Goods sold
    Gross margin 69,489,420 76,438,362 84,082,198
    Operating
    expenses
    Salaries 720,000 840,000 882,000
    Rent 420,000 420,000 420,000
    Utilities 72,000 72,000 72,000
    Sales 240,000 264,000 264,000
    expenses
    Insurance 42,000 42,000 42,000
    Depreciation 60,000 60,000 60,000
    Total operating 1,554,000 1,698,000 1,740,000
    expenses
    Net profit 67,935,420 74,728,962 82,201,858
    (loss)

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