You and a partner are considering the purchase of a convenience store. The store has weekly...
You and a partner are considering the purchase of a convenience store. The store has weekly sales of $87,813 and is paying weekly payroll of $4,500. The cost of goods sold every week is $78,000. The firm has miscellaneous expenses (taxes, insurance, garbage, electricity, natural gas, security, maintenance, property taxes, training, advertising, accounting fees, bank charges, etc.) of roughly $3,000 per week. What are the annual sales for the conenience store?
Homework Answers
What are the annual sales for the convenience store?
Annual sales=Weekly sales*52=87813*52=4566276.00
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You and a partner are considering the purchase of a convenience
store. The store has weekly...
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