Through hard work and careful saving, Hans and his family have $152,000 to start a small specialty..

 
   

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Through hard work and careful saving, Hans and his family have $152,000 to start a small specialty foods business. The family estimates sales to customers will be about $4,500 per month during the first year. On the average, expected costs per month are budgeted as follows:Wages for occasional labor …….. $ 700Utilities …………… $100Rent on land and buildings …….. 1,200Advertising ………….. 300Supplies ………….. 75Delivery costs ………… 225RequiredA. What is the projected monthly profit?B. What is the expected annual return on investment?View Solution:
Through hard work and careful saving Hans and his family