I need help writing my buisness plan. I have my buisness prepared which will be provided in the attachments and I also have the guidlines and the amount of pages.
Akira Wells 9/27/20
| Snack and Go Vending | ||
| Income Statement | ||
| For the Year Ended 31 December 2021 | ||
| $ | $ | |
| Sales: | ||
| Food | 18,000.00 | |
| Drinks/Beverages | 30,000.00 | |
| Total Sales | 48,000.00 | |
| Less: Cost of Goods Sold | ||
| Opening stock | - | |
| Add: Purchases | 15,000.00 | |
| Carriage Inwards | 2,000.00 | |
| Goods Available for Sale | 17,000.00 | |
| Less: Closing Stock | 5,000.00 | |
| Cost of Goods Sold | 12,000.00 | |
| Gross Profit | 36,000.00 | |
| Less: Operating Expenses | ||
| Selling Expenses | ||
| Salaries and Wages | 2,500.00 | |
| Advertising | 1,500.00 | |
| Depreciation | 750.00 | |
| Others | 500.00 | |
| Total Selling Expenses | 5,250.00 | |
| Administrative Expenses | ||
| Salaries | 4,500.00 | |
| Statutory and Legal Fees | 1,150.00 | |
| Equipment Maintenance and Repair | 700.00 | |
| Equipment Rental | 2,000.00 | |
| Rent and Insurance | 4,500.00 | |
| Utilities | 1,250.00 | |
| General Office Expenses | 650.00 | |
| Total Administrative Expenses | 14,750.00 | |
| Total Operating Expenses | 20,000.00 | |
| Operating Profit | 16,000.00 | |
| Less: Interest Expense | 1,000.00 | |
| Profit Before Taxes | 15,000.00 | |
| Taxes @27% | 4,050.00 | |
| Net Profit | 10,950.00 |
