Question

Company abc begins the year with an annual starting budget of $3,000,000. the company's monthly expenses include: expense amount rent $10,000 maintenance $500 utilities $700 monthly services $800 memberships $400 bonds to investors $5,000 how much does the company have left monthly after paying for their expenses?

Answer 1

To calculate the amount the company has left monthly after paying expenses, subtract the monthly expenses from the starting budget.

Step-by-step explanation:

To determine how much the company has left monthly after paying for their expenses, we need to subtract the monthly expenses from the starting budget. Here is the calculation:

• Rent: $10,000
• Maintenance: $500
• Utilities: $700
• Monthly Services: $800
• Memberships: $400
• Bonds to Investors: $5,000

Total Monthly Expenses: $10,000 + $500 + $700 + $800 + $400 + $5,000 = $17,400

Left Monthly after Paying Expenses: $3,000,000 - $17,400 = $2,982,600.