10. What are three possible goals an estaDIIJII Problems Problem 1 Mike Tackett, manager of the Troopers Café, has asked for your assistance preparing th monthly budget for January 20X8. He provides you with the prior January actuals e follows: Sales $100,400 Expenses: Labor (F) Labor (V) Cost of sales (V) Supplies (V) Energy (V) Promotion (V) Maintenance (F) Maintenance (V) Property taxes (F) Depreciation (F) Rent (F) Insurance (F) 12,000 18,000 36,000 3,200 2,620 1,300 2,000 1,200 800 1,000 850 625 Subtotal 79,595 Net income $ 20,805 Assume for 20X8 sales are expected to increase by 10 percent, fixed costs will increase by 5 percent, and variable costs will remain at the same percentage of sales as experienced in the prior January. Required: Prepare the budget for January 20X8.
10. What are three possible goals an estaDIIJII Problems Problem 1 Mike Tackett, manager of the Troopers Café, has asked for your assistance preparing th monthly budget for January 20X8. He provides you with the prior January actuals e follows: Sales $100,400 Expenses: Labor (F) Labor (V) Cost of sales (V) Supplies (V) Energy (V) Promotion (V) Maintenance (F) Maintenance (V) Property taxes (F) Depreciation (F) Rent (F) Insurance (F) 12,000 18,000 36,000 3,200 2,620 1,300 2,000 1,200 800 1,000 850 625 Subtotal 79,595 Net income $ 20,805 Assume for 20X8 sales are expected to increase by 10 percent, fixed costs will increase by 5 percent, and variable costs will remain at the same percentage of sales as experienced in the prior January. Required: Prepare the budget for January 20X8.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:10. What are three possible goals an estaDIIJII
Problems
Problem 1
Mike Tackett, manager of the Troopers Café, has asked for your assistance preparing th
monthly budget for January 20X8. He provides you with the prior January actuals e
follows:
Sales
$100,400
Expenses:
Labor (F)
Labor (V)
Cost of sales (V)
Supplies (V)
Energy (V)
Promotion (V)
Maintenance (F)
Maintenance (V)
Property taxes (F)
Depreciation (F)
Rent (F)
Insurance (F)
12,000
18,000
36,000
3,200
2,620
1,300
2,000
1,200
800
1,000
850
625
Subtotal
79,595
Net income
$ 20,805
Assume for 20X8 sales are expected to increase by 10 percent, fixed costs will increase by
5 percent, and variable costs will remain at the same percentage of sales as experienced in
the prior January.
Required:
Prepare the budget for January 20X8.
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