Warshaw Company budgets payroll at $3300 per month plus a percentage of monthly sales. The June operating expenses budget includ
es total payroll of $10,900 with budgeted sales of $190,000. Sales for July are budgeted at $130,000 while purchases of inventory for July are budgeted at $940,000. Depreciation and insurance for July are estimated at $600 and $300, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 5% of purchases for the month. The purchase of $2900 in equipment and $1000 in furniture is expected in July.
If the percentage of monthly sales used in budgeting payroll increases 30%,
what would the total payroll budgeted for July be?
If the percentage of monthly sales used in budgeting payroll increases 30%,
what would the total payroll budgeted for July be?
1 answer:
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The stock price is mathematically given as
P=$57.64
<h3>What is the stock price?</h3>Generally, the equation for is Value after year mathematically given as
V= $1454.25
Hence, the current value is mathematically given as
I=Discounting factor equal to the future cash flows multiplied by their present value
I=$1063.508769
current value for ordinary stock
I'=$1037.508769million
In conclusion, the stock price is
P=(1037.508769/18)
P=$57.64
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