Use the Information Below to Answer the Following Question(s)

question 112

Multiple Choice

Use the information below to answer the following question(s) .
Bigelow Company budgets payroll at $4,000 per month plus a percentage of monthly sales. The June operating expense budget includes total payroll of $12,000 with budgeted sales of $160,000. Sales for July are budgeted at $180,000 while purchases of inventory for July are budgeted at $95,000. Depreciation and insurance for July are estimated at $1,000 and $600, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 10% of purchases for the month. The purchase of $2,500 in equipment and $1,500 in furniture is expected in July.
-The July payroll at Bigelow Company should be budgeted at

• A) $14,000
• B) $13,000
• C) $22,000
• D) $12,000

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Definitions:

Face-to-Face Conversation

Direct, in-person communication between two or more people, where visual cues and body language play a significant role.

Consumes Media

The act of engaging with media content, such as watching television, reading newspapers, or browsing the internet, for information or entertainment.

Information

Information constitutes data that has been organized and processed to provide meaning and can be used for decision-making.

Social Structure

Represents the organized pattern of social relationships and social institutions that together compose society.