The McGraw$-$Hill $36-$Hour Course in Finance for Nonfinancial Maranan

CASE STUDY QUESTION

When Gretchen started the first Gimmicks and Gadgets Store,

she instituted flexible budgeting within the first few months of

operations $($one reason she has been so successful$).$ Her first

monthly budget numbers were these:

Rent

$$2,000$

Supplies

$2\%$ of sales

Telephone

$$200$

Your mission: Compute and list the budget figures for May,

when sales were $$30,000.$