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Mang Eduard operates a buy and sell business. He sells umbrellas in his shop near the city mall. He gets his umbrellas from a local dealer. Each umbrella costs 90.00 pesos each. Expecting rainy season to come, Mang Eduard purchased 4 dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight. Mang Eduard can sell 12 umbrellas every day. Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide. Suppose Mang Eduard purchases and sales is the same every month, fill in the necessary information in table 6. Table 4 Projected Cost of Goods Sold (Monthly) Projected Volume Merchandise/ Cost per Unit Average No. of Items Sold (Monthly) Projected Costs of Products Purchases (Monthly) (A) F = (D x 30 days) J= (A x F) 90 Total

Mang Eduard operates a buy and sell business. He sells umbrellas in his shop near the city mall. He gets his umbrellas from a local dealer. Each umbrella costs 90.00 pesos each. Expecting rainy season to come, Mang Eduard purchased 4 dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight. Mang Eduard can sell 12 umbrellas every day. Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide. Suppose Mang Eduard purchases and sales is the same every month, fill in the necessary information in table 6. Table 4 Projected Cost of Goods Sold (Monthly) Projected Volume Merchandise/ Cost per Unit Average No. of Items Sold (Monthly) Projected Costs of Products Purchases (Monthly) (A) F = (D x 30 days) J= (A x F) 90 Total

FINANCIAL ACCOUNTING
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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Table 5 Freight-in paid Projected Volume No. of Items Average No. of Freight In (1 Month Merchandise/ Sold (Daily) Items Purchased Products Only (Monthly) (A) F = (D x 30 days) J = (F/12) x "P200.00 Total Table 6 Projected Monthly Costs (Year 1) Month January February March April May June Cost of Goods Sold Expenses Total Cost & Expenses Month July August September October November December Cost of Goods Sold Expenses Total Cost & Expenses
Transcribed Image Text:Table 5 Freight-in paid Projected Volume No. of Items Average No. of Freight In (1 Month Merchandise/ Sold (Daily) Items Purchased Products Only (Monthly) (A) F = (D x 30 days) J = (F/12) x "P200.00 Total Table 6 Projected Monthly Costs (Year 1) Month January February March April May June Cost of Goods Sold Expenses Total Cost & Expenses Month July August September October November December Cost of Goods Sold Expenses Total Cost & Expenses
What's More After learning the calculations presented, you can now compute the projected costs by month on your business concept. Use the template below and fill in the necessary figures based on the scenario. Mang Eduard operates a buy and sell business. He sells umbrellas in his shop near the city mall. He gets his umbrellas from a local dealer. Each umbrella costs 90.00 pesos each. Expecting rainy season to come, Mang Eduard purchased 4 dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight. Mang Eduard can sell 12 umbrellas every day. Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide. Suppose Mang Eduard purchases and sales is the same every month, fill in the necessary information in table 6. Lonug Table 4 Projected Cost of Goods Sold (Monthly) Projected Volume Merchandisel Cost per Unit Average No. of Projected Costs of Products Items Sold (Monthly) Purchases (Monthly) (A) F = (D x 30 days) J = (A x F) 90 Total
Transcribed Image Text:What's More After learning the calculations presented, you can now compute the projected costs by month on your business concept. Use the template below and fill in the necessary figures based on the scenario. Mang Eduard operates a buy and sell business. He sells umbrellas in his shop near the city mall. He gets his umbrellas from a local dealer. Each umbrella costs 90.00 pesos each. Expecting rainy season to come, Mang Eduard purchased 4 dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight. Mang Eduard can sell 12 umbrellas every day. Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide. Suppose Mang Eduard purchases and sales is the same every month, fill in the necessary information in table 6. Lonug Table 4 Projected Cost of Goods Sold (Monthly) Projected Volume Merchandisel Cost per Unit Average No. of Projected Costs of Products Items Sold (Monthly) Purchases (Monthly) (A) F = (D x 30 days) J = (A x F) 90 Total
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