To prepare an income statement, you will need to generate a trial balance report, calculate your revenue, determine the cost of goods sold, calculate the gross margin, include operating expenses, calculate your income, include income taxes, calculate net income and lastly finalize your income statement with business details and the reporting period.
If you can't find the time to make one from scratch, there are templates that can be used to help.
gross margin : the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides.
net income : net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses.
Answer:
$1,155,478
Explanation:
Present value is the sum of discounted cash flows
Present value can be found using a financial calculator
Cash flow in year 1 = $100,000
Cash flow in year 2 = $20,000
Cash flow in year 3 = $480,000
Cash flow in year 4 = $450,000
Cash flow in year 5 = $550,000
I = 9%
Present value = $1,155,478
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Entrepreneurship comes with its share of ups and downs. The most obvious advantage is the opportunity to be your own boss. Being in charge and making the important decisions regarding your business can be fulfilling, but it can also be challenging.
The type of marketing that this is is called business to customer strategy. This is called B2C marketing.
<h3> </h3><h3>What is a business to customer strategy?
</h3>
This is a type of marketing strategy that has to do with the approach that businesses take to sell their goods and their services to the customers that they have.
The business here is utilizing the fact that they game is at the half time to sell their goods.
At this time, a lot of the audience would feel the need to be refreshed and would need something to eat
Read more on business to customer strategy here:
brainly.com/question/24803497
