Business, 01.02.2021 23:30 coolkid2041

A startup business estimates first-year revenues at $93,000. Their cost of goods sold is estimated at $41,200. The following amounts are estimates of operating expenses for that year: rent, $11,400;
utilities, $1,080; salaries, $18,000; advertising, $950; supplies, $500; insurance, $1,800; other, $350.
What amount of income should be shown on the pro forma income statement?
$93,000
$75,280
$34,080
$17,720

Answers: 3

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A startup business estimates first-year revenues at $93,000. Their cost of goods sold is estimated a...