BISM 100 PC Business Essentials
Question:
Project Description:
You are the assistant director of the Accounting and Finance departments at Healthy Living Motorcycles, Inc. In addition to ensuring that all daily business transactions are completed accurately, you also play a key role in assembling the annual financial reports. Currently, you are responsible for putting together the financial statements to be presented to the upcoming annual stockholders meeting.
Budgeted Selling Expenses
Sales Commission |
4620000 |
Freight-out |
3239000 |
Total Selling Expenses |
|
Budgeted Administrative Expenses
Office Rent |
1600000 |
Office Salaries |
1000000 |
Office Supplies |
552000 |
Miscellaneous Expenses |
700000 |
Total Administrative Expenses |
|
Total Selling & Admin. Expenses
|
Percentages |
Sales Commission |
0.05 |
Freight-out |
0.1 |
Office Rent |
0.15 |
Office Salaries |
0.07 |
Office Supplies |
0.03 |
Miscellaneous Expenses |
0.04 |
Forecasting Statistics
Average Budgeted Administrative Expenses for 2020 |
Highest Budgeted Selling Expesnes for 2022 |
Lowest Budgeted Selling Expenses for 2021 |
How many percentages are listed? |
Middle number for Budgeted Administrative Expenses for 2023 |