Question
Consider the Gadget Store monthly budget numbers below: Cost of goods sold = 50% of sales Advertising expenses = 5% of sales Supplies = 10%
Consider the Gadget Store monthly budget numbers below:
Cost of goods sold = 50% of sales
Advertising expenses = 5% of sales
Supplies = 10% of sales
Salaries = $4,000
Insurance = $150
Rent = $3,000
If Sales are forecast to be $20,000 then what is the rent forecast (express your answer in dollars. Do not include the $ symbol)?
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
