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    Financial Plan 1

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    Emilia Beatrize Colarte
    Sunlit Corporation's financial plan for 2023 shows total revenue of Php 2,125,000 with expenses totaling Php 1,975,000, including salaries, store supplies, taxes, utilities, and travel. This results in income before tax of Php 150,000. After deducting income tax expenses of Php 37,500, the net income for 2023 is projected to be Php 112,500.

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    Financial Plan 1

    Uploaded by

    Emilia Beatrize Colarte
    3 views1 page
    Sunlit Corporation's financial plan for 2023 shows total revenue of Php 2,125,000 with expenses totaling Php 1,975,000, including salaries, store supplies, taxes, utilities, and travel. This results in income before tax of Php 150,000. After deducting income tax expenses of Php 37,500, the net income for 2023 is projected to be Php 112,500.

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    Sunlit Corporation's financial plan for 2023 shows total revenue of Php 2,125,000 with expenses totaling Php 1,975,000, including salaries, store supplies, taxes, utilities, and travel. This results in income before tax of Php 150,000. After deducting income tax expenses of Php 37,500, the net income for 2023 is projected to be Php 112,500.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    3 views1 page

    Financial Plan 1

    Uploaded by

    Emilia Beatrize Colarte
    Sunlit Corporation's financial plan for 2023 shows total revenue of Php 2,125,000 with expenses totaling Php 1,975,000, including salaries, store supplies, taxes, utilities, and travel. This results in income before tax of Php 150,000. After deducting income tax expenses of Php 37,500, the net income for 2023 is projected to be Php 112,500.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    FINANCIAL PLAN

    Sunlit Corporation
    Income Statement
    Year Ended December 31, 2023

    Revenue Php 2,125,000


    Less: Salaries and Wages Php 591,500
    Store Supplies Expenses Php 1,311,500
    Taxes and Licenses Php 20,500
    Utilities Expenses Php 36,000
    Travelling Expenses Php 15,500 Php 1,975,000
    Income Before Tax Php 150,000
    Less: Income Tax Expenses Php 37,500 Php 37,500
    Net Income Php 112,500

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