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Category > Business & Finance Posted 18 Jun 2017 My Price 12.00

Final Project 2016 Mountain Industries is a wholesaler dealing in the business-to-business

ENTR 386 – Final Project 2016 Mountain Industries is a wholesaler dealing in the business-to-business (B2B) space. Mountain was founded by Chris Jones and has been in business for three years. Despite turning a small profit in 2015, the company is facing a few challenges. First, Chris had little to no business experience when he started and had to heavily bootstrap the venture. This resulted in Chris paying cash-on-delivery (COD) or using credit cards to buy inventory, a practice that continues today. Second, since Mountain is B2B, all of its sales are on account and Mountain has had some difficulties collecting from customers in a timely manner. Chris is seeking your help to get his business on-track and increase his profitability. The following is Mountain’s projected profit and loss statement for 2016: Mountain Industries Inc. Profit & Loss Statement December 31, 2016 (Projected) Sales $540,900 Cost of Goods Sold 260,600 Gross Profit 280,300 Operating Expenses 264,000 Income from Operations 16,300 Interest Expense 4,100 Income Before Taxes 12,200 Income Taxes (30%) 3,660 Net Income $8,540

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Alpha Geek
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Status NEW Posted 18 Jun 2017 06:06 AM My Price 12.00

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file 1497769222-597010_1_answer1.docx preview (1745 words )
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