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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

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