Commissions (2% sales)
60,000
15,000
15,000
15,000
15,000
Direct wages fixed
200,000
50,000
50,000
50,000
50,000
Sales
3,000,000
750,000
750,000
750,000
750,000
Cost of Goods Sold
400,000
100,000
100,000
100,000
100,000
Gross Profit
2,340,000
585,000
585,000
585,000
585,000
EXPENSES
General & Administrative Expenses
Accounting fees
20,000
5,000
5,000
5,000
5,000
Legal fees
5,000
1,250
1,250
1,250
1,250
Bank charges
600
150
150
150
150
Office supplies
5,000
1,250
1,250
1,250
1,250
Postage & printing
400
100
100
100
100
Dues & subscriptions
500
125
125
125
125
Telephone
10,000
2,500
2,500
2,500
2,500
Repairs & maintenance
50,000
12,500
12,500
12,500
12,500
Payroll tax
25,000
6,250
6,250
6,250
6,250
Marketing Expenses
Advertising
200,000
50,000
50,000
50,000
50,000
The Essay on The Travel Expense Billing Controversy and False Claims Act
... denied the fraud allegations (Weil 1). Considering this travel expense billing controversy, the company failed to obtain integrity and ... its stakeholders. Works Cited AccountingWeb. PwC to Settle Travel Expenses Lawsuit for $54.5 Million. 23 December 2003. Web. 28 ... Carroll, Archie B and Ann K Buchholtz. “The Travel Expense Billing Controversy and False Claims Act.” Business & Society ...
Employment Expenses
Superannuation
45,000
11,250
11,250
11,250
11,250
Wages & salaries
500,000
125,000
125,000
125,000
125,000
Staff amenities
20,000
5,000
5,000
5,000
5,000
Occupancy Costs
Electricity
40,000
10,000
10,000
10,000
10,000
Insurance
100,000
25,000
25,000
25,000
25,000
Rates
100,000
25,000
25,000
25,000
25,000
Rent
200,000
50,000
50,000
50,000
50,000
Water
30,000
7,500
7,500
7,500
7,500
Waste removal
50,000
12,500
12,500
12,500
12,500
TOTAL EXPENSES
1,401,500
350,375
350,375
350,375
350,375
NET PROFIT (BEFORE INTEREST & TAX)
938,500
234,625
234,625
234,625
234,625
Income Tax Expense (25%Net)
234,625
58,656
58,656
58,656
58,656
NET PROFIT AFTER TAX
703,875
175,969
175,969
175,969
175,969
Overhead costs may include minor direct costs when they are so insignificant that they cannot be practically treated as direct expenses. Therefore, overhead expenses are part of the total costs of maintaining and staffing a business.
Look To Cut Costs
If times are tight and money must be found somewhere in order to pay a crucial bill, advertise, or otherwise capitalize on an opportunity, consider cost cutting.
Unachievable, inaccurate or unclear areas of budget
Office supply
In given budget of company, as per my research office supply is inaccurate and unclear expense. Following some reasons that why its unclear: Many folks start out using office products with good intentions, but unclear purposes. You must define from the beginning how you will use the office products. Any of these purposes might be appropriate for your stacking trays
The Essay on Tobacco In Advertising Teens Companies Brand
When you ask a tobacco sales representative whether teens are their main advertising focus, they would say no. But when the majority of retail outdoor advertising occurs in tobacco convenience stores where around 75% of teens shop at least once a week, it's hard to believe. Major tobacco brands have been targeting teens since day one for three reasons. They are easily influenced by advertising. ...
Advertising
Advertising is a main sourse of marketing. Every company needs adequate level of advertising. But here company planning to spend exceed money on advertising. Following are some reasons behind exceed advertising: Company already planning to spend money on postage and printing. Although company need to spend much more money on advertising but it should be in limitation. Net profit is much less than annual expenses.
