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
- What is the projected monthly profit?
- What is the expected annual on investment?