{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T18:03:36-04:00", "answer_date": "2024-05-29 18:03:36", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1897793", "url": "\/study-help\/questions\/fortune-inc-is-preparing-its-master-budget-for-the-first-1897793", "question_creation_date_js": "2024-05-29T18:03:36-04:00", "question_creation_date": "May 29, 2024 06:03 PM", "meta_title": "[Solved] Fortune, Inc., is preparing its master bu | SolutionInn", "meta_description": "Answer of - Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of | SolutionInn", "meta_keywords": "fortune,inc.,preparing,master,budget,first,quarter,company,sells,single,product,price", "question_title_h1": " Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit.", "question_title": " Fortune, Inc., is preparing its master budget for the first quarter.", "question_title_for_js_snippet": "Fortune, Inc , is preparing its master budget for the first quarter The company sells a single product at a price of $25 per unit Sales (in units) are forecasted at 36,000 for January, 56,000 for February, and 46,000 for March Cost of goods sold is $12 per unit Other expense information for the first quarter follows Commissions Rent $ 16,000 Advertising 9 of sales dollars per month 12 of sales dollars Office salaries $ 77,000 per month Depreciation $47,000 per month Interest 12 annually on a $270,000 note payable Tax rate 30 Prepare a budgeted income statement for this first quarter (Round your final answers to the nearest whole dollar )", "question_description": "\"image\"image", "transcribed_text": "Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are forecasted at 36,000 for January, 56,000 for February, and 46,000 for March. Cost of goods sold is $12 per unit. Other expense information for the first quarter follows. Commissions Rent $ 16,000 Advertising 9% of sales dollars per month 12% of sales dollars Office salaries $ 77,000 per month Depreciation $47,000 per month Interest 12% annually on a $270,000 note payable Tax rate 30% Prepare a budgeted income statement for this first quarter. (Round your final answers to the nearest whole dollar.)", "related_book": { "title": "Financial accounting", "isbn": "978-0132751216, 132751127, 132751216, 978-0132751124", "edition": "9th edition", "authors": "Walter T. Harrison Jr., Charles T. Horngren, C. William Thom", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/247.jpg", "uri": "\/textbooks\/financial-accounting-9th-edition-247", "see_more_uri": "" }, "free_related_book": { "isbn": "1483242250", "uri": "\/textbooks\/physiology-and-toxicology-of-male-reproduction-1st-edition-978-1483242255-269955", "name": "Physiology And Toxicology Of Male Reproduction", "edition": "1st Edition" }, "question_posted": "2024-05-29 18:03:36", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/college-algebra\/solve-each-system-x-4y-3x", "description": "Solve each system. x + 4y = - 3x + 2y = 17 -9", "stars": 3 }, { "url": "\/the-concentration-of-carbon-in-an-ironcarbon-alloy-is-015", "description": "The concentration of carbon in an iron-carbon alloy is 0.15 wt%. 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