exercise 2 - $32,000.00 $92,000.00 Lease $19,000.00...

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Tax Rates Tax RatesTax Rates 8.00% PST 9.00% Payroll Tax 6.00% (of payroll) Franchise Fees Flat Fee $12,000 Franchise% 5% Business Model Advertising% 4% (of total sales) Cost of Goods% 47% (of total sales) Labour Costs (hourly pay rate) Sales Person $7.00 Supervisor $12.00
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First Quarter Budget January February March Q1 Total Sales Clothing $140,000.00 $125,000.00 $135,000.00 $400,000.00 Hard Goods $94,000.00 $97,000.00 $120,000.00 $311,000.00 Total Sales $234,000.00 $222,000.00 $255,000.00 $711,000.00 Sales taxes $30,521.74 $28,956.52 $33,260.87 $92,739.13 Payroll traxes $2,170.00 $2,030.00 $2,240.00 $6,440.00 Total Remittances $32,691.74 $30,986.52 $35,500.87 $99,179.13 Expenses Advertising $9,360.00 $8,880.00 $10,200.00 $28,440.00 Cost of goods $109,980.00 $104,340.00 $119,850.00 $334,170.00 Salary $31,000.00 $29,000.00
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Unformatted text preview: $32,000.00 $92,000.00 Lease $19,000.00 $19,000.00 $19,000.00 $57,000.00 Miscellaneous $6,000.00 $6,000.00 $6,000.00 $18,000.00 Frachise cost $25,243.48 $24,513.04 $26,521.74 $76,278.26 Total Expenses $200,583.48 $191,733.04 $213,571.74 $605,888.26 Surplus (Deficit) $724.78 -$719.56 $5,927.39 $5,932.61 Government Remittances Surenuja Srikathan 210918621 Staffing_Model Weekly Work Schedule Monday Tuesday Wednesday Thursday Friday Saturday Sunday Sales Persons Number 5 5 5 5 6 8 3 Hours 8 8 8 10 10 10 4 Amount $280.00 $280.00 $280.00 $350.00 $420.00 $560.00 $84.00 Supervisor Number 1 1 1 2 2 2 1 Hours 8 8 8 10 10 10 5 Amount $96 $96 $96 $240 $240 $240 $60 ost per Week: $3,322.00 Surenuja Srikathan 210918621 Staffing_Model Total $2,254.00 $1,068...
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exercise 2 - $32,000.00 $92,000.00 Lease $19,000.00...

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