Posted by **Anonymous** on Monday, April 16, 2012 at 1:12am.

Joey-O's Organic Farm Financial Plan

Revenues Budgeted Amounts

From Farming $70,000

From Sales 8,200

Total $78,200

EXPENSES :

Fertilizer $3,000

Pesticides 400

Feed 1,500

Equipment 1,700

Salaries 21,200

Supplies 300

Utilities 2,800

Insurance and

interest 14,900

Repairs 2,100

TOTAL $47,900

PROFIT :

Gross Profit $_____

Tax (at 18%) $_____

Net Profit $_____

30.

What was Joey-O's farm's gross profit?

a) $47,900

b) $30,300

c) $78,200

31.

How much tax did Joey-O's pay?

a) $3,030

b) $7,820

c) $5,454

32.

What was Joey-O's net profit?

a) $30,300

b) $24,846

c) $47,900

- Consumer Math -
**MaShell**, Monday, August 26, 2013 at 3:23pm
30. A

31. C

32. B

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