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    Big Red Bicycle Master Budget FY 2011/2012 FY Q1 Q2 Q3 Q4

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    rida zulquarnain
    The Big Red Bicycle master budget for fiscal year 2011-2012 projects quarterly and annual revenue, expenses, profit, and tax obligations. Total annual revenue is projected to be $3,377,500 including commissions, wages, and sales. Total annual expenses are projected to be $1,401,500 including general and administrative costs, marketing, employment, and occupancy expenses. The annual net profit before tax is projected to be $1,021,000, with $255,250 expected to go toward income taxes, leaving an annual net profit after tax of $765,750.

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    Big Red Bicycle Master Budget FY 2011/2012 FY Q1 Q2 Q3 Q4

    Uploaded by

    rida zulquarnain
    69 views3 pages
    The Big Red Bicycle master budget for fiscal year 2011-2012 projects quarterly and annual revenue, expenses, profit, and tax obligations. Total annual revenue is projected to be $3,377,500 including commissions, wages, and sales. Total annual expenses are projected to be $1,401,500 including general and administrative costs, marketing, employment, and occupancy expenses. The annual net profit before tax is projected to be $1,021,000, with $255,250 expected to go toward income taxes, leaving an annual net profit after tax of $765,750.

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    BSBFIM501_AT2_Budget_for_Team

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    The Big Red Bicycle master budget for fiscal year 2011-2012 projects quarterly and annual revenue, expenses, profit, and tax obligations. Total annual revenue is projected to be $3,377,500 including commissions, wages, and sales. Total annual expenses are projected to be $1,401,500 including general and administrative costs, marketing, employment, and occupancy expenses. The annual net profit before tax is projected to be $1,021,000, with $255,250 expected to go toward income taxes, leaving an annual net profit after tax of $765,750.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    69 views3 pages

    Big Red Bicycle Master Budget FY 2011/2012 FY Q1 Q2 Q3 Q4

    Uploaded by

    rida zulquarnain
    The Big Red Bicycle master budget for fiscal year 2011-2012 projects quarterly and annual revenue, expenses, profit, and tax obligations. Total annual revenue is projected to be $3,377,500 including commissions, wages, and sales. Total annual expenses are projected to be $1,401,500 including general and administrative costs, marketing, employment, and occupancy expenses. The annual net profit before tax is projected to be $1,021,000, with $255,250 expected to go toward income taxes, leaving an annual net profit after tax of $765,750.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    of 3

    Big Red Bicycle

    Master Budget FY 2011/2012


    FY Q1 Q2 Q3 Q4
    REVENUE
    Commissions 77,500 17,500 25,000 17,500 17,500
    Direct wages fixed 200,000 50,000 50,000 50,000 50,000
    Sales 3,100,000 700,000 1,000,000 700,000 700,000
    Cost of Goods 400,000 100,000 100,000 100,000 100,000
    Gross Profit Sold 2,422,500 532,500 825,000 532,500 532,500
    EXPENSES
    General & Administrative
    Expenses
    Travel 20,000 5,000 5,000 5,000 5,000
    Legal Fees 5,000 1,250 1,250 1,250 1,250
    Bank Charges 600 150 150 150 150
    Office Supplies 5,000 1,250 1,250 1,250 1,250
    Postage & 400 100 100 100 100
    Printing
    Dues & 500 125 125 125 125
    Subscriptions

    Telephone 10,000 2,500 2,500 2,500 2,500


    Repairs & 50,000 25,000 25,000
    Maintenance

    Payroll Tax 25,000 6,250 6,250 6,250 6,250


    Marketing Expenses
    Advertising 200,000 50,000 50,000 50,000 50,000
    Employment Expenses
    Superannuation 45,000 11,250 11,250 11,250 11,250
    Wages & Salaries 500,000 125,000 125,000 125,000 125,000
    Staff Amenities 20,000 5,000 5,000 5,000 5,000
    Occupancy Costs
    Electricity 40,000 10,000 10,000 10,000 10,000
    Insurance 100,000 25,000 25,000 25,000 25,000
    Rates 100,000 25,000 25,000 25,000 25,000
    Rent 200,000 50,000 50,000 50,000 50,000
    Water 30,000 7,500 7,500 7,500 7,500
    Waste 50,000 12,500 12,500 12,500 12,500
    Removal
    TOTAL EXPENSES 1,401,500 362,875 362,875 337,875 337,875
    NET PROFIT (BEFORE INTEREST & 1,021,000 169,625 462,125 194,625 194,625
    TAX)
    Income Tax Expense (25%Net) 255,250 42,406 115,531 48,656 48,656
    NET PROFIT AFTER TAX 765,750 127,219 346,594 145,969 145,969
    Cost Centre A
    Administrative Expenses Travel 20,000 10,000
    Legal Fees 5,000 3,000
    Bank Charges 600 300
    Misc 1,000 500
    Office supplies 4,000 2,500
    Postage & Printing 400 200
    Dues & Subscriptions 500 250
    Telephone 10,000 5,000
    Payroll Tax 25,000 12,500
    Employment Expenses
    Superannuation 45,000 9,000
    Wages & Salaries 500,000 100,000
    Staff Amenities 20,000 2,000

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