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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Consider the facts presented in E22-14. Tremont’s operating expenses include the following:
Rent, $2,000 a month
Salary, $3,000 a month
Commissions, 3% of sales
Depreciation, $1,000 a month
Miscellaneous expenses, 1% of sales
Requirement
1. Prepare an operating expenses budget for each of the three quarters of 2012 and totals for the nine-month period.
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