At the conclusion of her first month of operating Val's Donut Shop, Val computed the following revenue and expense figures: weekrevenueexpensesprofit144,72538,090 257,38026,123 363,09043,957 467,255.5074,310 month to receive 60,000 profit for the month month Prepare both weekly and monthly profit formulas so that Val has a good idea about her current profit situation. Also, given her sales for the month, tell her how much her ideal expense should have been to realize her desired profit of ₱60,000.00

Weekly Profit = Weekly Sales - Weekly Expenses Again, Monthly Sales = Sum of all weekly Sales(week…

Answered: At the conclusion of her first month of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 2EA: Park and West, LLC, provides consulting services to retail merchandisers in the Midwest. In 2019,...

See similar textbooks

Related questions

Question

At the conclusion of her first month of operating Val's Donut Shop, Val computed the following revenue and expense figures:

week	revenue	expenses	profit
1	44,725	38,090
2	57,380	26,123
3	63,090	43,957
4	67,255.50	74,310
month
to receive 60,000 profit for the month
month

Prepare both weekly and monthly profit formulas so that Val has a good idea about her current profit situation. Also, given her sales for the month, tell her how much her ideal expense should have been to realize her desired profit of ₱60,000.00

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions