You have been running a construction company out of your home with your spouse helping you keep the books. The company has grown and has begun to take up too much of your and your spouse’s time. The decision has been made to hire a part-time estimator to help you with the bidding and a full-time office manager. The office manager’s duties will include accounting, receptionist, and secretarial duties. By hiring the new personnel you will need to move the company’s operations out of your home and into an office. Use the cost information in Table 9-1 to prepare a cash flow budget for one year for continuing to operate out of your home and moving to a new office:
 

Transcribed Image Text:

Month January February March April May June July August September October November December Total Revenues ($) 768,000 712,000 785,000 769,000 560,000 545,000 500,000 391,000 342,000 460,000 492,000 516,000 6,840,000