Consider the budget versus actual figures given for the end of the first quarter

Budgeted Statement of Financial Position

Budget Actual Sale - credit (30 days) $20,000 $47,500 Sales: cash $18,000 $16,800 Total $38,000 $64,300 Cost of goods sold $10,000 $9,000 Wages $8,000 $13,000 Electricity $3,000 $3,000 Rent $7,500 $7,500 Total $28,000 $32,500 Sales Contribution $10,000 $31,800

Explain what type of business it is and the line in the calculations unions that affects your answer. Then identify and describe, based on the figures,the sales revenue aims of the business. 80-100 words