You've budgeted for yourself. Great. Now, let's budget for the business . I need a budget...

You've budgeted for yourself. Great. Now, let's budget for the business . I need a budget with an associated income plan to meet the expenses listed below. List each product/service you will need to provide at what cost in order to meet your annual budget. If you are a non-profit, you may have income from both sales (earned revenue) and fundraising (contributed revenue). Indicate how much of each you will have and be specific. You may have to adjust some of your expenses to make your revenue match. This may include adjusting some of your salaries from last week. Make sure you update your original salary file so that it matches your budget when you upload your completed business plan
Assignment: In Excel, calculate the following expenses for one year :

•Salaries ( from week 6): Include other costs of the employee as well including taxes and benefits •Facilities (from week 7)
•Office Supplies, Software, Products or supplies specific to your industry, etc.
•Taxes
•Marketing
•Fees or subscriptions to industry organizations or publications
•Any other expenses your business may have.

Expert Solution

Colby Messinger answered 2 hours ago

Now that a business has prepared it budget for the next three months, and the budget...

Now that a business has prepared it budget for the next three months, and the budget indicated that there will be cash shortage (negative cash balance at the end of the month, mainly due to the large total cash payments in the month than the total cash receipts) in the second month.What actions should the managers take when he is presented with this information? What actions should the managers make if in the third month, there will be a cash...

I need thorough explaination on "The national Confronts the Great Drepression".

A export import business would be a great idea right now because of the state of...

A export import business would be a great idea right now because of the state of the country. The first thing would be is to make sure all the paperwork is order and really work with the right companies and want to do things the right way with the product being shipped. What are your plans to ensure all the rules are being followed?

Give a brief description of yourself. Also I have ten interview questions i need answered for...

Give a brief description of yourself. Also I have ten interview questions i need answered for a sociology paper. What do you do for a living? What made you want to work in this field? How would you describe your social class? Where were you born/what is your neighborhood like? Do you think it’s easier for one to come from a higher class or for one to move up to a higher class? What is your heritage? Do you think...

I am in need of a great elevator pitch for a nursing portfolio. I am presenting...

I am in need of a great elevator pitch for a nursing portfolio. I am presenting this via video and I am at a loss on where to even begin for an elevator pitch while introducing myself.

Assume yourself as an entrepreneur of a small scale business in Saudi Arabia. I chose a...

Assume yourself as an entrepreneur of a small scale business in Saudi Arabia. I chose a coffee shop project Assignment Objectives & Requirements: • Describe your Industry: Is it a growth industry? What long term or Short term changes do you foresee in the industry? How will your company take advantage of it? • Describe your most important company strengths and core competencies: What factors will make the company succeed? What do you think your major competitive strengths will be?...

C++ good documentation as well as explanations would be great. I need the code to be...

C++ good documentation as well as explanations would be great. I need the code to be written without (#include if possible. Please don't just copy and paste someone else's answer. In this HW assignment we will simulate a car wash and calculate the arrival time, departure time and wait time for each car that came in for a car wash. We will use the following assumptions about our car wash: Each car takes 3 minutes from start of the car...

Budget Prices Inc. opened for business on January 01, 2017 and has budgeted sales revenue for...

Budget Prices Inc. opened for business on January 01, 2017 and has budgeted sales revenue for the first quarter of 2017 as follows: January $100,000 February $175,000 March $250,000 The company anticipates that approximately 80% of sales each month will be on credit given the nature of the business, with a collection plan as follows:  50% in the month of sale  40% in the month following the sale  10% two months following the sale Required: Prepare a...

I know the answers I just need detailed step-by-step instructions. Brad Company developed the following budgeted...

I know the answers I just need detailed step-by-step instructions. Brad Company developed the following budgeted life-cycle income statement for two proposed products. Each product's life cycle is expected to be two years. Product A Product B Total Sales $200,000 $200,000 $400,000 Cost of goods sold 120,000 130,000 250,000 Gross profit $ 80,000 $ 70,000 $150,000 Period expenses: Research and development (70,000) Marketing (50,000) Life-cycle income $ 30,000 A 10 percent return on sales is required for new products. Because...

I need information about government intervention in the economy during the Great Depression in simple words....

I need information about government intervention in the economy during the Great Depression in simple words. It shoud not be less than 500 words. It can be either in fovor or opposed of government intervention in the economy during the Great Depression. Please do not just copy and paste from any website.

Question