Warshaw company budgets payroll at $3500 per month plus a percentage of monthly sales. the june operating expenses budget includes total payroll of $11300 with budgeted sales of $13. sales for july are budgeted at $2 while purchases of inventory for july are budgeted at $196,000.00. depreciation and insurance for july are estimated at $800 and $300, respectively. office and administrative expenses related to purchasing inventory are budgeted at 5% of purchases for the month. the purchase of $2000 in equipment and $1400 in furniture is expected in july. the total operating expenses budgeted for july are

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income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

one of the appeals of a sole proprietorship is that business expenses are kept separate from your personal income tax return

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.