Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are forecasted at 42,000 for January, 62,000 for February, and 52,000 for March. Cost of goods sold is $12 per unit. Other expense information for the first quarter follows.

Commissions 11 % of sales
Rent $ 18,000 per month
Advertising 12 % of sales
Office salaries $ 78,000 per month
Depreciation $ 47,000 per month
Interest 11 % annually on a $260,000 note payable
Tax rate 30 %

I need the commisions exspense, advertising exspense, interrest expense and Income Tax expense #s

Would be nice to get how they were calculated as well

FORTUNE, INC.

Budgeted Income Statement
For Quarter Ended March 31
Sales $3,900,000
Cost of goods sold 1,872,000
Gross profit 2,028,000
Operating expenses
Commissions expense
Rent expense 54,000
Advertising expense
Office salaries expense 234,000
Depreciation expense 141,000
Interest expense
Total operating expenses 429,000
Income before taxes 1,599,000
Income tax expense
Net income $1,599,000

You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u.s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u.s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u.s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600

Gary lives in an area that receives high rainfall and thunderstorms throughout the year. which device would be useful to him to maintain his computer?

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as