1. Quicker Liquor Financial Statement Present by Dongmin

2. Quicker Liquor Revenues ◦Sales : Beers, Liquors, Miscellaneous Cost of Good Sold ◦Beginning Inventory : Refrigerators, Cashier, etc ◦Purchases : Beers, Liquors, etc ◦Owner’s withdraw: Owner’s salary

3. Quicker Liquor Operating Expenses ◦Utility : Consumption of electricity will be high. ◦Labor : 2 Shifts, 2 employees. ◦Rent : High rent fee.

4. Quicker Liquor Income Statement Sales$ Beers $30(24 bottles) x30$900 Liquors $20 X 50 bottles$1,000 Miscellaneous(glassware, mixers, etc)$100 Total $2,000 X 300days$600,000 Operating Expense$ Utility$800 Rent$1,000 Labor $10/hr X 2 employees X 10hrs/day$4,000 Total $5,800 X 12 months$69,600

5. Quicker Liquor Yearly Basis COGS Cost of Good Sold$ Beginning Inventory$10,000 Purchase$3,000 Owner’s withdraw$10,000 Ending Inventory$2,000 Total $25,000 X 12 months$300,000

6. Quicker Liquor Revenues(sales) $600,000 Beginning Inventory Purchase Owner’s withdraw Ending Inventory Gross Margin $300,000 Utility Rent Labor Net Income $230,400

7. Quicker Liquor The End