Mang Eduard operates a buy and sell business. He sells umbrellas in hisshop near the city mall. He gets his umbrellas from a local dealer. Each umbrella costs90.00 pesos each. Expecting rainy season to come, Mang Eduard purchased 4dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight. Mang Eduard can sell 12 umbrellas every day. Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide. Suppose Mang Eduard purchases and sales is the same every month, fill in the necessary information in table 6. Table 4 Projected Cost of Goods Sold (Monthly) Projected Volume Merchandise/ Cost per Unit Average No. of Projected Costs of Products Items Sold (Monthly) Purchases (Monthly) (A) F = (D x 30 days) J = (A x F) 90 Total umbrellas from a local dealer. Each umbrella costsSuppose Mang Eduird purchases and sales is the same every month, fill in the necessary information in table 6.ACTIVITY.Mang Eduard operates a buy and sell business. He sells sumbrellas in his shop near thc city mall. He ssts his90.00 pesos cach. Expecting rainy season to come. Mang Eduard pirchased 4 dozens of umbrellas every weekplier theh charges 200.00 pesos per dozen for freight. Mang Eduard can sell 12 umbrellas very deRemember to use the factors to consider in projecting revenues and reler to tables 4. 5 and 6 as your gaudeTable 4Projected Cost of Goods Sold (Monthly)(name of business)Projected VolumeAverage No. ofItems SoldMerchandise/ProductsCost per UnitProjected Costs ofPurchases (Monthly)(Monthly)F-(Dx 30 days)(A)J-(A F)TotalTable 5Freight-in paid by Ms. Nista every monthProjected VolumeNo. of ItemsSold (Daily)(A)Average No, of ItemsPurchased (Monthly).F-(Dx 30 days)Freight In (JanuaryOnly)K (F/12) x 250Merchandise/ProductsTotalTable 6Projected Monthly Costs (Year 1)Fit Mo'to Ready to Wear Online Selling BusinessFebruaryMonthJanuaryMarchAprilMayJuneCost of GoodsExpensesTotal Cost &MonthJulyAugustSeptemberOctober NovemberDecemberCost of GoodsExpensesTotal Cost &Expenses

Table 4 Projected cost of goods sold (Monthly) Merchandise/Products Cost per unit Projected…

Answered: Mang Eduard operates a buy and sell…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Mang Eduard operates a buy and sell business. He sells umbrellas in hisshop near the city mall. He gets his umbrellas from a local dealer. Each umbrella costs90.00 pesos each. Expecting rainy season to come, Mang Eduard purchased 4dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight. Mang Eduard can sell 12 umbrellas every day. Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide. Suppose Mang Eduard purchases and sales is the same every month, fill in the necessary information in table 6. Table 4 Projected Cost of Goods Sold (Monthly) Projected Volume Merchandise/ Cost per Unit Average No. of Projected Costs of Products Items Sold (Monthly) Purchases (Monthly) (A) F = (D x 30 days) J = (A x F) 90 Total

umbrellas from a local dealer. Each umbrella costs
Suppose Mang Eduird purchases and sales is the same every month, fill in the necessary information in table 6.
ACTIVITY.
Mang Eduard operates a buy and sell business. He sells sumbrellas in his shop near thc city mall. He ssts his
90.00 pesos cach. Expecting rainy season to come. Mang Eduard pirchased 4 dozens of umbrellas every week
plier theh charges 200.00 pesos per dozen for freight. Mang Eduard can sell 12 umbrellas very de
Remember to use the factors to consider in projecting revenues and reler to tables 4. 5 and 6 as your gaude
Table 4
Projected Cost of Goods Sold (Monthly)
(name of business)
Projected Volume
Average No. of
Items Sold
Merchandise/
Products
Cost per Unit
Projected Costs of
Purchases (Monthly)
(Monthly)
F-(Dx 30 days)
(A)
J-(A F)
Total
Table 5
Freight-in paid by Ms. Nista every month
Projected Volume
No. of Items
Sold (Daily)
(A)
Average No, of Items
Purchased (Monthly).
F-(Dx 30 days)
Freight In (January
Only)
K (F/12) x 250
Merchandise/
Products
Total
Table 6
Projected Monthly Costs (Year 1)
Fit Mo'to Ready to Wear Online Selling Business
February
Month
January
March
April
May
June
Cost of Goods
Expenses
Total Cost &
Month
July
August
September
October November
December
Cost of Goods
Expenses
Total Cost &
Expenses

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