Rocco’s math for anyone who cares

Coop’s trial will be epic

quote:

---

Collected: $475,150 Donated: $142,464
Profit: $332,686

---

Tell us you know nothing about accounting or business without telling us

There’s costs to make the shots

quote:

---

That’s because I don’t know those figures.

---

Well, then you don't know the profit, do you?

Bruh I’m just talking about the profit from sales

Ok so $332,686 net revenue. What do you think all those O/H cost add up to for the 2 weeks?

Even if it's something like $200k, they still pulled a profit of $132k in 12 days. I think any bar or restaurant would love those figures.

quote:

---

Even if it's something like $200k, they still pulled a profit of $132k in 12 days. I think any bar or restaurant would love those figures.

---

OK, those figures of yours looks about right and made me take a crack at it. See below


Gross Revenue: $475,150
Minus Money Donated: $142,464
Minus COGS: $118,788 (25% of Revenue). Normally COGS are +/- 33% with food ingredients but alcohol has a higher markup). It would be even lower with just alcohol but we have the other ingredients and jello.

Gross Profit: $213,898
Minus Expenses/OH: $42,780 (20%) Only 20% as we are just accounting for Jello shots
Net Profit: $171,118
Minus Taxes: $47,913 (28% of Net Profit)
Net Income After Taxes: $123,205 (26% of Gross Revenue)

I think that’s a fair procedure to do but the reality is they purchased the Jell-O shots already made and did selling Jell-O shots take away OR add to their regular business. I would guess it added to it and since their employees aren’t paid a percent of sales, their normal operations covered ALL of their expenses other then COGS.

You’re talking about revenue. This is not profit. They are not the same thing. At least account for the cost of the shots.

$332K is more like gross margin, not profit.

Hell I’m an engineer & even I know that.