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Part 1 : Complete a budget for Bruces Original Ts using the attached template. 1 . Bruce's Original T ' s sells $ 4 8

Part 1: Complete a budget for Bruces Original Ts using the attached template.
1. Bruce's Original T's sells $48,750 in graphic Ts each month.
2. Bruce's Original T's pays $12,000 for liability insurance for the month.
3. Rent for 1 month is $1,200.
4. Monthly supply costs to include ink, shirts, other materials are $4,850 per month.
5. Bruce's Original T's pays salary costs of $9,500 dollars for their monthly payroll.
6. Monthly utilities (sewer, water and electricity) are approximately $3,280
7. Radio and TV monthly advertising expenses are $4,000.
8. Bruce pays for medical, dental and vision insurance for its employees of $1,625 per month.
9. Bruce earns $3,500 in Service Revenue each month.
10. Identify and list two additional expenses that Bruces Original Ts did not include in their budget summary. Include two of your own budget expenses that have not been included. List the type of expense and the monthly amount.
11. Provide the total income and total expenses for Bruces Original Ts

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