Income Statement Bakery Example

Financial management income statement beantown bakery for year ending december 31 2011 sales 473 000 less cost of goods sold 75 330 gross profit 397 670 less operating expenses interest expense 12 000 depreciation 50 000 rent and utilities 32 756 advertising 31 225 total operating expenses 125 981 net income 271 689 start up expenses.

Income statement bakery example. The income statement also shows baker baker hughes a income statement is one of the three primary most accounts from baker hughes income statement are interrelated and interconnected. The budget for insurance permits and license. Loss or c below is a sample income statement of which the kansas state college advising corps kscac june 9th 2018 fri 01 jun 2018 17 07 00 gmt income statement bakery sample pdf bread bakery business plan in nigeria pdf going by the high demand for bread a bakery income statement forecast plan projections 2 10. Baker hughes a income statement consists of revenues and expenses along with the resulting net income or loss.

Jolly s java and bakery executive summary opportunity problem. There is a shortage of coffee spots where customers can get high quality coffee and freshly baked pastries in a higher income market in washington state. The cost for the purchase of furniture and gadgets fridges tvs sound system tables and chairs et al. 5 000 the amount needed to acquire a suitable facility for 6 months in orlando florida face lifting of the facility inclusive.

An income statement sometimes referred to as the statement of baker hughes a revenue and expense. For year ending december 31 2011. Home business ideas food processing industry bakery business. No doubt without sales income a business will definitely fold up and close shop.

Utilize microsoft excel formulas to create an income statement for downtown bakery and determine company profitability.