Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare a Flexible Budget for Gold Coast Strata Management Pty Limited to show the following three scenarios: Pessimistic Most Probable Optimistic Strata Management Fees Received

image text in transcribed

image text in transcribed

Prepare a Flexible Budget for Gold Coast Strata Management Pty Limited to show the following three scenarios: Pessimistic Most Probable Optimistic Strata Management Fees Received Pessimistic Most Probable Optimistic $3,500,000 $4.200,000 $4,500,000 Misc Income Pessimistic - Management Fees Most Probable Management Fees Optimistic Management Fees $ 80,000 $ 90,000 $ 100,000 Expenses Accounting Fees Advertising Office Depreciation Electricity Insurance Licence Fees Office Staff Wages Printing Rent Directors Wages Strata Managers Wages Strata Managers Commission $ 75,500 $ 50,000 $ 86,000 $ 28,500 $ 45,000 $ 25,000 $ 675,000 $ 88,000 $ 450,000 $ 250,000 $1,350,000 10% of Total Income Received $ 43,000 9.5% of all Wages and Sales Commission paid $ 56,000 Stationery Superannuation Telephone Gold Coast Strata Management Pty Limited Flexible Budget Most Pessimistic Probable Optimistic INCOME Strata Management Fees Received Misc Income Total Income EXPENSES Accounting Fees Advertising Office Depreciation Electricity Insurance License Fees Office Staff Wages Printing Rent Directors Wages Strata Managers Wages Strata Managers Commission Stationery Superannuation Telephone TOTAL EXPENSES NET PROFIT (Loss)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Theory And Practice

Authors: C. William Thomas, Bart Ward, Emerson Henke

3rd Edition

0534920748, 978-0534920746

More Books

Students also viewed these Accounting questions

Question

3. Identify challenges to good listening and their remedies

Answered: 1 week ago

Question

4. Identify ethical factors in the listening process

Answered: 1 week ago