The Passion of the Christ
Essay by BARTHONIU54 • November 30, 2015 • Term Paper • 8,658 Words (35 Pages) • 1,305 Views
My Place, House of Decor
Income Statement
For Period Ended 04/29/15
Monthly Monthly Yearly Yearly
Amount Percent Amount Percent
Operating Revenue
Decorating Fees 74,300.00 83.20 179,300.00 92.28
Sales - Furniture 15,000.00 16.80 15,000.00 7.72
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Total Operating Revenue 89,300.00 100.00 194,300.00 100.00
Cost
Cost of Merchandise Sold 10,750.00 12.04 10,750.00 5.53
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Total Cost 10,750.00 12.04 10,750.00 5.53
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Gross Profit 78,550.00 87.96 183,550.00 94.47
Operating Expenses
Salaries Expense - Admin. 7,500.00 8.40 24,300.00 12.51
Rent Expense 2,000.00 2.24 8,000.00 4.12
Advertising Expense 6,800.00 7.61 26,800.00 13.79
Automobile Expense 550.00 0.62 2,050.00 1.06
Supplies Expense 950.00 1.06 2,300.00 1.18
Insurance Expense 500.00 0.56 2,000.00 1.03
Utilities Expense 230.00 0.26 925.00 0.48
Telephone Expense 350.00 0.39 1,300.00 0.67
Postage Expense 310.00 0.35 980.00 0.50
Uncollectible Accts. Exp. 5,854.00 6.56 6,781.00 3.49
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Total Operating Expenses 25,044.00 28.04 75,436.00 38.82
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Net Income 53,506.00 59.92 108,114.00 55.64
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My Place, House of Decor
Balance Sheet
04/29/15
Assets
Petty Cash 350.00
Cash - Checking Account 94,045.00
Accounts Receivable 79,800.00
Allow. for Doubt. Accts. -2,781.00
Merchandise Inventory 5,250.00
Supplies 1,250.00
Prepaid Insurance 4,000.00
Prepaid Rent 2,000.00
Deposits 2,000.00
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Total Current Assets 185,914.00
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Total Assets 185,914.00
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Liabilities
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