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Through hard work and careful saving hans and his family

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Through hard work and careful saving, Hans and his family have152,000 to start a small business. The family estimates sales tocustomers will be about $4,500 per month during the first year. Onthe average, expected cost per month are budgeted as follows:
Wages for occasional labor $700
Rent on land and buildings $1,200

  • Supplies $75
  • Utilities $100
  • Advertising $300
  • Delivery costs $225

 

  1. What is the projected monthly profit?
  2. What is the expected annual on investment?

 

Reference no: EM13613950

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