Make a list of the business's budget . Calculate if the business will have a surplus or defict at the end of the month .
1. Revenue from sales: $10,000
2. Expenses:
- Rent: $1,500
- Utilities: $500
- Supplies: $1,000
- Payroll: $4,000
- Marketing: $1,000
- Miscellaneous: $500
Total expenses: $8,500
Calculate surplus or deficit:
Revenue - Expenses = Surplus/Deficit
$10,000 - $8,500 = $1,500 surplus
Therefore, the business will have a surplus of $1,500 at the end of the month.