MT209-03_Marjorie Bowden_Homework_Unit 5

MT209-03_Marjorie Bowden_Homework_Unit 5 - Name...

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Name Marjorie Bowden Course MT209 Section 3 Date 4/5/2011 Name of Business Bowden Accounting Profit and Loss Projections Yr 1 Yr 2 Yr 3 Income Expenses Salary (owner(s) 60000 63000 66000 Payroll (employees) 20800 22880 24960 Outside services 1000 1000 1000 Supplies 3000 3000 5000 Repair and Maintenan 6000 6000 10000 Advertising 2500 2500 3500 Rent (not mortgage) 18000 18000 18000 Telephone 2000 2000 2000 Utilities 7200 7200 7200 Insurance 18000 18000 18000 Taxes 21000 23000 25000 Interest (on loans) 5000 5000 5000 Other 164500 171580 185660 Total 164500 171580 185660 Profit 140500 143420 144340 Salary - the compensation you and or partners will receive Payroll - Compensation for hired employees Outside services - Oncluded accountants, attorneys, janitorial, outsourced work Repair and Maintenance - Expenses incurred for general repair and maintenance of your facility Supplies - Inventory that gets used on a regular basis and must be replaced. Examples include products used in the manufacture of your
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This note was uploaded on 08/23/2011 for the course BUSINESS MT209 taught by Professor Osburne during the Spring '11 term at Kaplan University.

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MT209-03_Marjorie Bowden_Homework_Unit 5 - Name...

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