Home / Questions / Developing Profit and Return on Investment

Developing Profit and Return on Investment

Developing Profit and Return on Investment

Through hard work and careful saving, Hans and his family have152,000 to start a small business. The family estimates sales to customers will be about $4,500 per month during the first year. On the average, expected cost per month are budgeted as follows:
 
Wages for occasional labor $700
 
Rent on land and buildings $1,200
 
Supplies $75
 
Utilities   $100
 
Advertising  $300
 
Delivery costs $225
 
What is the projected monthly profit?
 
What is the expected annual on investment?

Apr 25 2018 Read more Less More

Answer (Solved)

question Subscribe To Get Solution

Recent Questions

Chat Now

Welcome to Live Chat

Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.

Please fill in the form