Question: When Gretchen started the first Gim- micks and Gadgets Store, she insti- tuted flexible budgeting within the first few months of operations (one reason she

When Gretchen started the first Gim- micks and Gadgets Store, she insti- tuted flexible budgeting within the first few months of operations (one reason she has been so successful). Her first monthly budget numbers were these: 40% of sales 10% of sales $5,000 Cost of goods sold Advertising Salaries Part-time help Delivery expense Fire insurance 5% of sales 1% of sales $100 Rent $2,000 Supplies Telephone 2% of sales $200 Your mission: Compute and list the budget figures for May, when sales were $30,000. Item Budget in dollars $ $ $ $ $ $ $ $ $
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