Joe and josephine have started a plumbing business. the business is incorporated, but they have not invested any money in the business, which has only minimal assets. one day josephine negligently damages a main pipe in a customer's home, causing the basement to flood and resulting in $20,000 in damages. the homeowner's only remedy is to sue the corporation, but because the corporation has no funds and only minimal assets, the homeowner will bear the loss. joe and josephine are personally shielded from liability due to the corporate protections the business entity affords them.
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Budget in this final week, you will develop a proposed budget of $150,000 for the first year of the program and complete the final concept paper for the proposed program due for senior management review. the budget should identify the program's anticipated expenses for the year ahead. budget line items should be consistent with the proposed program and staffing plan. using the readings for the week, the south university online library, and the internet, complete the following tasks: create a proposed budget of $150,000 for the first year of the proposed program including the cost for personnel, supplies, education materials, marketing costs, and so on in a microsoft excel spreadsheet. you may transfer your budget to your report. justify the cost for each item of the proposed budget in a budget narrative.