What should this business budget monthly for each of the following expenses? What are the total expenses per annum (per year)? (Value: 3 pts)
Business expenses
Insurance $1268.00 semi-monthly
Total salary for two employees $148500.00 annually
Rent $3920.00 monthly
Vehicle maintenance $865.00 quarterly
Insurance: $1268.00 x 2 = $2536.00 per month
Total salary: $148500.00 / 12 = $12375.00 per month
Rent: $3920.00 per month
Vehicle maintenance: $865.00 / 3 = $288.33 per month
Total expenses per annum:
Insurance: $2536.00 x 12 = $30432.00
Total salary: $148500.00
Rent: $3920.00 x 12 = $47040.00
Vehicle maintenance: $288.33 x 12 = $3460.00
Total annual expenses: $149432.00