Aling Minda is operating a buy and sell business, she sells broomsticks (walis tingting) in her stall at a local market. She gets her broomsticks from a local supplier for 25 pesos each. She then adds 50 percent mark-up on each broomstick. Every day, Aling Minda can sell 30 broomsticks a day. Table 2Projected Monthly and Yearly RevenueName of BusinessProjectedProjecteProjectedProjectedVolumedVolumeSellingRevenueAverage No. Revenue Average No. ofMerchandise/Priceof Items SoldItems SoldProducts(Monthly)(Yearly)(Monthly)(Yearly)(C)=F= (D x 30G= (C x F) H= (D x 365 days)|= (C x H)(A+B)days)Total

Revenue represents the earnings of the company before deducting any expenses incurred by the…

Aling Minda is operating a buy and sell business, she sells broomsticks (walis tingting) in her stall at a local market. She gets her broomsticks from a local supplier for 25 pesos each. She then adds 50 percent mark-up on each broomstick.

Aling Minda is operating a buy and sell business, she sells broomsticks (walis tingting) in her stall at a local market. She gets her broomsticks from a local supplier for 25 pesos each. She then adds 50 percent mark-up on each broomstick.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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