Shown below is the Profit & Loss Statement of start-up company THE PEANUT BETTER CO. Let us assume that all figures shown are average monthly projections. Their investment exactly 12 months ago from today was PHP133,000.00. THE PEANUT BETTER CO. ... Spreads & Breads "Online - Anytime - All The Time" Total Investment: 133,000.00 NET SALES 50,000.00 Less: Cost of Goods Sold 25,000.00 Gross margin 25,000.00 Less: Operating expenses 13,900.00 Less: Depriciation 500.00 Total Operating Expenses 15,000.00 Net Operating Profit 10,000.00 Less: Taxes 500.00 Net Profit After Taxes 9,500.00 Compute for the following: 1. How long will it take them to achieve ROI? 2. How much do they need to earn monthly to achieve ROI in 1 year?
Shown below is the Profit & Loss Statement of start-up company THE PEANUT BETTER CO. Let us assume that all figures shown are average monthly projections. Their investment exactly 12 months ago from today was PHP133,000.00. THE PEANUT BETTER CO. ... Spreads & Breads "Online - Anytime - All The Time" Total Investment: 133,000.00 NET SALES 50,000.00 Less: Cost of Goods Sold 25,000.00 Gross margin 25,000.00 Less: Operating expenses 13,900.00 Less: Depriciation 500.00 Total Operating Expenses 15,000.00 Net Operating Profit 10,000.00 Less: Taxes 500.00 Net Profit After Taxes 9,500.00 Compute for the following: 1. How long will it take them to achieve ROI? 2. How much do they need to earn monthly to achieve ROI in 1 year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education