The total income and expenditure of Agri-small business limited in September is R 299596 and expenditure is R 193236.
Given that the expenses on petrol be R4850.00 at the end of September, balance is R 106360.00, usage on income of salaries be 25%, on electricity,rates and taxes be 11%, 42% of the remaining on insurance and investments.
We are required to find the total income and expenditure in September.
Generally the equation for insurance is mathematically given as :
Insurance=42% of the balance
Insurance=0.42*0.64A
Insurance=0.2688A.
Generally the equation for the total after all the other expenditures is mathematically given as:
Total expenditure after all other expenditures=0.64A-0.2688A
Total expenditures after all other expenditures=0.3712A.
Total expenditures after all other expenditures is as 111210 (106360+4850)
Equating both the equation and value:
111210=3712A
A=299596
The total income is 299596.
Therefore the calculation of expense is given as:
Expense=0.25A+0.11A+0.2688A+4850
Expense=0.6288A+4850
=0.6288*299596+4850
=193236
The expense is 193236.
Hence the total income and expenditure in September are "Income is R 299596 and expenditure is R 193236.
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