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We have a family business (CDF, Inc), located in the San Juan metropolitan area. The business falls under the NAICS in the service sector. All
We have a family business (CDF, Inc), located in the San Juan metropolitan area. The business falls under the NAICS in the service sector. All work is done from the same business. As of the first week of March, the company began to face difficulties due to the curfew promoted by the Government of Puerto Rico. Business sales are approximately $81,600 per year. The business reported additional other income of 3.0 percent. The business reported payroll of $39,507 and its payroll taxes were $4,381. Other business expenses are as follows: Local rent was 19.6% of operating expenses; the utilities are $6,440.00 annuals; insurance is $500.00; its depreciation was $1,766.00; the expenses of vehicles are $2.338.00. In addition, he indicated that other office maintenance expenses were $1,560.00; licenses and permits are $300.00 and professional services are 0.7 percent. They also indicated the expenses for office supplies are about $3,180.00; promotion was 5.1 percent; other miscellaneous expenses was $680.00. They paid a municipal patent of about $126.00. The total expenses reported by the CDF, Inc. business was $81,578.00. 1)you must make a budget
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