Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / ENTR 386 Final Project 2016 Mountain Industries is a wholesaler dealing in the business t...

ENTR 386 Final Project 2016 Mountain Industries is a wholesaler dealing in the business to business B2B space Mountain was founded by Chris Jones and has been in business for three years

ENTR 386 – Final Project 2016 Mountain Industries is a wholesaler dealing in the business-to-business (B2B) space. Mountain was founded by Chris Jones and has been in business for three years. Despite turning a small profit in 2015, the company is facing a few challenges. First, Chris had little to no business experience when he started and had to heavily bootstrap the venture. This resulted in Chris paying cash-on-delivery (COD) or using credit cards to buy inventory, a practice that continues today. Second, since Mountain is B2B, all of its sales are on account and Mountain has had some difficulties collecting from customers in a timely manner. Chris is seeking your help to get his business on-track and increase his profitability. The following is Mountain’s projected profit and loss statement for 2016: Mountain Industries Inc. Profit & Loss Statement December 31, 2016 (Projected) Sales $540,900 Cost of Goods Sold 260,600 Gross Profit 280,300 Operating Expenses 264,000 Income from Operations 16,300 Interest Expense 4,100 Income Before Taxes 12,200 Income Taxes (30%) 3,660 Net Income $8,540

 

May 02 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions