nov-14 $39,000, dec-14 $42000, jan-15 $46,000, feb-15 $47,150, mar-15 $51,750, a

Question

nov-14 $39,000, dec-14 $42000, jan-15 $46,000, feb-15 $47,150, mar-15 $51,750, apr-15 $57,500, may-15 $51,750, jun-15 $63,250

monthly wages & benefits paid to clerical personnel will be $7000. sales commissions to associates average 20% of collectable sales.each of the 2 partners is paid monthly 9000 or 18% of net sales whichever is greater. commission and partner salaries are paid 1 month after the revenue is earned. rent expenses for the office space is $9000 per month and the lease expense for the office equip. is $4500 utilities average only $400 per month, except in may and june when they average $500. ending cash balance in devember 2014 was $10,000 the partners wish to maintain a minimum cash balance of $10,000 the firm has a line of credit to help them maintain their minimum balance requirement. create the firms cash budget for jan 2015 to june 2015

Explanation / Answer

Only expenses are mentioned what about the revenue . I think some information is missing

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