Take assessment up to now.....
INCOME STATEMENT:
revenue (income)
- COGS
=Gross Income
- overhead
= net Profit before taxes
- taxes
= net profit after taxes
revenue (income)
- COGS
=Gross Income
- overhead
= net Profit before taxes
- taxes
= net profit after taxes
Carls JR | |
File Size: | 674 kb |
File Type: |
Gross margin is the difference between revenue and cost of goods sold, or COGS, divided by revenue, expressed as a percentage.
BALANCE SHEET
Assets
Cash 500,000
Inventory 22,802
Total Assets 522,802
Liabilities Plus Equity
Liabilities 22,802
Equity 500,000
Total Liabilities Plus Equity 522,802
Assets
Cash 500,000
Inventory 22,802
Total Assets 522,802
Liabilities Plus Equity
Liabilities 22,802
Equity 500,000
Total Liabilities Plus Equity 522,802
Discuss pricing cokes, elasticity and the law of demand (as price goes up, demand goes down, OR as price goes down, demand goes up)
Read this article on price
Create a list of 5 examples of each type of pricing from the above article. You can talk it over with others in class.
Activity (after article above)
Create a list of 5 examples of each type of pricing from the above article. You can talk it over with others in class.
Activity (after article above)
Penetration Pricing
Economy Pricing
Price Skimming
Psychological Pricing
Product Line Pricing
Optional Product Pricing
Captive Product Pricing
Product Bundle Pricing
Promotional Pricing
Geographical Pricing
Value Pricing
Premium Pricing
Economy Pricing
Price Skimming
Psychological Pricing
Product Line Pricing
Optional Product Pricing
Captive Product Pricing
Product Bundle Pricing
Promotional Pricing
Geographical Pricing
Value Pricing
Premium Pricing
Sample problems
- You plan on selling 8,000 hot dogs. You sell hot dogs for $5 each, with a cost of $1 each
and Your overhead is $4,000. Make sure to calculate your gross profit and net profit
- You sell hot dogs for $5 each, with a cost of $1 each, calculate a monthly break even analysis if your overhead is $4,000 a month. How many hot dogs do you have to sell to break even?
- You plan on selling 6,000 hot dogs. You sell hot dogs for $4 each, with a cost of $2 each your taxes are 10% and Your overhead is $4,000. Make sure to calculate your gross profit and net profit and LABEL
- Break Even Analysis You sell hot dogs for $4 each, with a cost of $1 each, calculate a monthly break even analysis if your overhead is $6,000 a month. How many hot dogs do you have to sell to break even?