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Income Statment

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dataaabartan

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Income Statment

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dataaabartan
10 views4 pages

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Copyright:

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Download as XLSX, PDF, TXT or read online from Scribd
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10 views4 pages

Income Statment

Uploaded by

dataaabartan

Copyright:

© All Rights Reserved
Download as XLSX, PDF, TXT or read online from Scribd
Download as xlsx, pdf, or txt
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Income Statement

Actual Quarterly Report


Hemps ware Company Q1 Year Q2 Year Q3 Year
Year 1 Actual Provided: 1 1 1

Net Sales 259,614 272,000 280,560


Total Revenue 259,614 272,000 280,560

less: cost of Good sold 12000 15000 16000

less: raw materails 15000 17000 18000


Gross profit 232,614 240,000 246,560

less: less selling and advertisement cost

labaour Cost 28000 32000 40000

Salary Expenses 0 10000 10000

marketing expesnses 27000 12000 10000

legal expenses 10000 1500 1000

Rent Expenese 25000 4000 4000

depreciation on equipment 800 500 500

office supply exepenses 8000 4000 4500

miscellaneous expenses 7000 8000 4000


transportation expeneses 4000 3800 4500

electrictity expenses 3600 2800 3300

Installment for Equipment 5000 5000 5000

Total expenses and admin expenses 145400 115600 120800


Net Profit 114,214 156,400 159,760

Total Profit

TAX 15% 86313.6

Profit after tax


Q4 Year 1

293,770
293,770

18000

18350
257,420

40000

20000

15000

10000

4000

500

5000

4500
4870

3500

5000

148720
145,050

575,424

489,110

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