|
Minnesota Small Business Management
Education Programs
|
| Sorted
By Organization Type |
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|
|
|
| Income
Statement - 1998 Business Year |
** Average per
business ** |
|
|
Sole |
Partshp/ |
"C" |
"S" |
|
Propr. |
LL Part. |
Corp. |
Corp. |
| Number of
Businesses |
47 |
3 |
12 |
48 |
| INCOME |
|
|
|
|
| (A) Business
Sales |
$279,761 |
$654,295 |
$1,251,292 |
$513,381 |
| Less (B)
Cost of Goods Sold |
$162,332 |
$318,078 |
$812,847 |
$336,442 |
| (C) Gross
Profit |
$117,429 |
$336,217 |
$438,445 |
$176,940 |
| EXPENSES |
|
|
|
|
| Payroll/Taxes/Benefits |
$21,491 |
$42,361 |
$58,147 |
$48,881 |
| Contract
Labor |
$2,806 |
$152,051 |
$197,460 |
$20,824 |
| Advertising |
$3,752 |
$1,205 |
$15,890 |
$5,592 |
| Utilities |
$4,132 |
$6,698 |
$17,016 |
$6,257 |
| Insurance |
$4,874 |
$17,565 |
$19,850 |
$7,866 |
| Rent/Lease |
$3,614 |
$5,509 |
$9,269 |
$8,870 |
| Legal &
Accounting Fees |
$1,540 |
$1,884 |
$5,833 |
$1,858 |
| Depreciation |
$7,986 |
$9,415 |
$37,604 |
$12,938 |
| Fuel/Repairs/Maintenance |
$10,153 |
$9,115 |
$21,409 |
$13,048 |
| Real Estate
Tax |
$858 |
$227 |
$1,903 |
$1,450 |
| Other
Expense |
$19,061 |
$10,919 |
$81,312 |
$19,146 |
| (D) Total
Expenses |
$80,269 |
$256,950 |
$465,691 |
$146,729 |
| (E)
Operating Profit |
$37,160 |
$79,266 |
($27,246) |
$30,211 |
| Interest
Expense |
$5,002 |
$5,935 |
$19,385 |
$8,256 |
| (F) Profit
After Interest |
$32,158 |
$73,331 |
($46,631) |
$21,955 |
| Add Other
Income |
$6,564 |
$1 |
$5,259 |
$6,290 |
| (G) Net
Profit Before Tax |
$38,722 |
$73,332 |
($41,373) |
$28,245 |
|
|
