Mang Eduard operates a buy and sell business. He sells umbrellas in his shop near the city mall. He getshis umbrellas from a local dealer. Each umbrella costs 90.00 pesos each. Expecting rainy season to come, MangEduard purchased 4 dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen forfreight. 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 6Projected Monthly Costs (Year 1)MonthJanuaryFebruaryМаrchAprilМayJuneCost ofGoods SoldExpensesTotal Cost &ExpensesMonthJulyAugust SeptemberOctoberNovemberDecemberCost ofGoods SoldExpensesTotal Cost &Expenses Table 4Table 5Projected Cost of Goods Sold (Monthly)Freight-in paidProjected VolumeProjected VolumeFreight In (1 MonthOnlyNo. of ItemsAverage No. ofMerchandise/ Cost per UnitAverage No. ofProjected Costs ofMerchandise/Sold (Daily)Items PurchasedProductsItems Sold (Monthly)Purchases (Monthly)Products(Monthly)(А)F = (D x 30 days)J = (A x F)(A)F = (D x 30 days)J = (F/12) x *P200.0090TotalTotal

The financial position of the company can be arrived from the income statement prepared by the…

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

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

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 1.3C

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