Hello, I need tutor (from PHILIPPINES only) to help me with this. Because of the pandemic, we aren't allowed to go outside and sell our products. So, I will just p-r-o-v-i-d-e "samples" or "fake" details for this. I have no choice. T _ T

ACTIVITY: M-A-K-E a profit and loss statement of your business at the end of the week.

| SAMPLE (OR FAKE) DETAILS THAT NEEDS A >> PROFIT AND LOSS STATEMENT |

So, in a week, there are 7 days. For instance, I decided to sell a food during that week. That specific food is "siomai."

The following are the ingredients of homemade siomai and its cost:

Magic Sarap (4 pieces) = Php 28.00 Oyster (1 piece) = Php 35.00 Cornstarch (2 pieces) = Php 28.00 Siomai Wrapper (2 pieces) = Php 50.00 Salt (5 pcs.) = Php 10.00 Egg (4 pcs.) = Php 30.00 Ground Meat = Php 300.00 (we can have 150 pieces of homemade siomai for every Php 300.00 worth of ground meat) (the cost of each piece of siomai is Php 12.00) Plastic (2 pieces) = Php 14.00 (this is where to put the siomai, we won't be small using paper plates.)

The following are the ingredients of the "sauce" of homemade siomai:

Cornstarch (3 pieces) = Php 42.00 Wild Chili ?? (1 gram) = Php 25.00 Soy Sauce (5 pieces) = Php 50.00 Sugar (1 piece of 1/4 sugar) = Php 14.00

[Above are considered as my expenses]

_________ Let us say that the 150 pieces of homemade siomai are sold for a week, and the price of each piece of it is Php 12, then let us say our total income is: 150 12 = Php 1,800.00 7 (days in a week) = Php 12,600.00 (total income, for example)

ACTIVITY: M-A-K-E a profit and loss statement of your business at the end of the week.

!! You can check the attached picture if that is a profit-loss statement. I am sorry, I d-o not have any idea about profit-loss statement. ?

Profit is positive amount remaining after subtracting expenses incurred from the revenues generated over a designated period of time. When the amount is negative, then a loss is experienced in the business. The profit or loss in the business operation is presented in the income statement. The pro-forma of the income statement will be used to compute the profit or loss in the business. Gross Revenue / Sales XXX Less: Cost of Sales XX Gross Profit XXX Less: Operating Expenses XX Net Profit / (Loss) XXX Using the same sample transaction of the barber shop, compute the profit of the business after one month of operation. Gross Revenue P 32,250.00 Less: Operating Expenses 20,900.00 Net Profit P 11,350.00 The entrepreneur wants to project his profit after one year of operation with 5% increase of sales and 3% increase for the expenses. What would be the projected profit after one year? Gross Revenue for the month 32,250.00 Multiplied by 12 months X 12 Total Gross Revenue for the year P 387,000.00 Projected Interest after one year 5% Projected Revenue after one year 406,350.00 Expenses for the month 20,900.00 Multiplied by 12 months X 12 Total for the year P 250,800.00 Projected Interest after one year 3% Projected Expenses after one year P 258,324.00 Projected revenue after one year P 406,350.00 Less: Projected Expenses after one year P 258,324.00 Projected profit after one year 148.026.00