Question

Complete an Annual statement of Revenue and Expenses with the following information: Office Supplies Rent Payroll Insurance D
Total Expenses Balance Net Profit or (Loss) Question #2 How much of your total expenses are paid to wages in percentage terms
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Answer #1
Statement of Revenue and Expenses
Particulars Amount
Revenue 550
Govt funding 180000
Fundraising 16450
Misc income 50
Less: expenses
Rent 12300
Payroll 153984
Insurance 3800
Donations 13500
Internet 13000
Phones 900
Bank charges 673
Audit 12000
Sponsorship 3000
Travel 1483
Membership fee 550
Professional development 3500
Workshop fees 9500
Lease 1800
Postage 445
Promotions 462
Committee expense 135
Rsources 678
Contracors 8900
TOTAL EXPENSES 240610
Net loss -43560
2. Wages percentage= 153984/240610= 64%
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