Budget - Week 10

Budget - Week 10 - m a k e s c o s t w a v e r d u e t o t...

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Actual Monthly Budget Difference Furniture and Equipment 10,000.00 $1,000.00  $9,000.00  Accounts Payable 0.00 $100.00  $100.00  Owners Draw 1,000.00 $1,000.00  $0.00  Owners Equity 9,000.00 $9,000.00  $0.00  Advertising and Promotion 35.00 $20.00  $15.00  Payroll Expenses 240.00 $240.00  $0.00  Professional Fees 3,000.00 $3,000.00  $0.00  Rent Expense 1,200.00 $1,200.00  $0.00  Telephone Expense 45.00 $45.00  $0.00  Utilities 45.00 $45.00  $0.00  I c h o o s e t h e s e a c c o u n t s b e c a u s e t h e y a r e t h e y a r e t h e o n e s t h a t a f f e c t m y b u s i n e s s e x p e n c e s t h e m o s t . E v e r y e x p e n c e h a s a b u d g e t , s o m e a r e f i x e d b u t a l o t a r e n e g o t i a b l e . A n e x a m p l e o f a n e g o t i a b l e e x p e n c e w o u l d b e a d v e r t i s i n g f o r m y c o m p a n y ; t h e r e a r e m a n y d i f f e r e n t w a y s t o a d v e r t i s e s o m e t h i n g , s o m e m o r e c o s t e f f i c e n t t h a n o t h e r s w h i c h
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Unformatted text preview: m a k e s c o s t w a v e r d u e t o t h e y o u r l i k i n g . A n e x a m p l e o f a f i x e d e x p e n c e w o u l d b e r e n t w h i c h m a k e s u p a n i m m e n s e p a r t o f m y c o m p a n y s e x p e n c e . S o m e a r e a s t h a t a r e p r o n e t o c u t w o u l d b e o w e n e r s d r a w . I t i s m y d e c i s i o n h o w m u c h I w a n t t o t a k e o u t f r o m m y b u s i n e s s f o r m y p e r s o n a n e e d s . A n o t h e r a r e a t h a t c o u l d c u t w o u l d b e t h e u t i l i t e s b i l l ; i f m y c o m p a n y d e c i d e s t o m e m o r e " g r e e n , " f o r e x a m p l e , t u r n i n g o f f t h e l i g h t s e v e r y n i g h t i n s t e a d l e t t i n g t h e m r u n 2 4 / 7 , t h e u t i l i t i e s b i l l w o u l d m o s t l i k e l y g o d o w n o n c o s t . y l...
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Budget - Week 10 - m a k e s c o s t w a v e r d u e t o t...

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