| Small
Business Management Education Program |
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| Sorted
by Business Size using Business Sales |
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| **
Each column represents the amount per business for each item
** |
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| Income
Statement - 1998 Business Year |
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0 - |
$75,000 - |
$150,000- |
$300,000- |
>
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$75,000 |
$150,000 |
$300,000 |
$500,000 |
$500,000 |
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| Number of
Businesses in Group |
11 |
21 |
26 |
23 |
29 |
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| INCOME |
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| (A) Business
Sales |
$31,089 |
$118,624 |
$231,598 |
$381,349 |
$1,280,821 |
| Less (B)
Cost of Goods Sold |
$4,321 |
$41,054 |
$110,471 |
$212,027 |
$890,645 |
| (C) Gross
Profit |
$26,768 |
$77,571 |
$121,127 |
$169,322 |
$390,176 |
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| EXPENSES |
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| Payroll/Taxes/Benefits |
$4,856 |
$7,384 |
$24,773 |
$36,615 |
$85,740 |
| Contract
Labor |
$521 |
$568 |
$8,505 |
$12,679 |
$118,163 |
| Advertising |
$2,437 |
$2,648 |
$2,194 |
$5,888 |
$12,558 |
| Utilities |
$898 |
$2,136 |
$4,472 |
$7,428 |
$13,001 |
| Insurance |
$1,199 |
$2,667 |
$6,707 |
$8,640 |
$15,696 |
| Rent/Lease |
$1,397 |
$7,730 |
$4,459 |
$6,627 |
$9,563 |
| Legal &
Accounting Fees |
$657 |
$1,408 |
$1,360 |
$1,845 |
$4,228 |
| Depreciation |
$2,888 |
$7,524 |
$11,041 |
$11,794 |
$25,095 |
| Fuel/Repairs/Maintenance |
$5,402 |
$7,412 |
$11,155 |
$15,384 |
$18,235 |
| Real Estate
Tax |
$214 |
$373 |
$1,534 |
$1,136 |
$1,976 |
| Other
Expense |
$4,607 |
$9,854 |
$14,895 |
$28,242 |
$52,721 |
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| (D) Total
Expenses |
$25,076 |
$49,705 |
$91,095 |
$136,277 |
$356,975 |
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| (E)
Operating Profit |
$1,692 |
$27,866 |
$30,032 |
$33,045 |
$33,202 |
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| Interest
Expense |
$1,766 |
$2,611 |
$6,950 |
$5,937 |
$16,908 |
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| (F) Profit
After Interest |
($73) |
$25,255 |
$23,081 |
$27,108 |
$16,293 |
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| Add Other
Income |
$3,818 |
$461 |
$10,566 |
$5,767 |
$7,396 |
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| (G) Net
Profit Before Tax |
$3,745 |
$25,717 |
$33,647 |
$32,875 |
$23,689 |
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