Fill in the missing information in the budget below:
Kimi Vege's Annual Business Budget
| | Amount (K) | Expenditure | Amount (K) |
|------------------|------------|-------------|------------|
| Sales Cabbages | 78000 | Transport | 10000 |
| Sales Kaukau | 182000 | Taxes | |
| Sales Carrots | 52000 | Wages | 13000 |
| Sales Potato | 156000 | Freight | 72800 |
| | | | 116600 |
| | | | |
Answer (2)
The missing values in Kimi Vege's annual business budget have been calculated as follows: Taxes amount to K20800, Total Sales total K468000, and the profit or difference after expenditures is K351400.
;
Calculate Total Sales by summing individual sales: 78000 + 182000 + 52000 + 156000 = 468000 .
Determine Taxes by subtracting expenditures from Total Expenditure: 116600 − ( 10000 + 13000 + 72800 ) = 20800 .
Find the Difference by subtracting Total Expenditure from Total Sales: 468000 − 116600 = 351400 .
The missing values are Taxes = K20800, Total Sales = K468000, and Difference = K351400, so the profit is $\boxed{K351400}.
Explanation
Understanding the Problem We are given Kimi Vege's annual business budget with some missing information. Our goal is to fill in the missing values, specifically the amount for Taxes, Total Sales, and the difference between Total Sales and Total Expenditure.
Calculating Total Sales First, we need to calculate the Total Sales by summing the sales from Cabbages, Kaukau, Carrots, and Potato.
Total Sales Calculation Total Sales = Sales Cabbages + Sales Kaukau + Sales Carrots + Sales Potato Total Sales = K78000 + K182000 + K52000 + K156000 Total Sales = K468000
Calculating Taxes Next, we calculate the amount for Taxes by subtracting the known expenditures (Transport, Wages, and Freight) from the Total Expenditure. Taxes = Total Expenditure - (Transport + Wages + Freight) Taxes = K116600 - (K10000 + K13000 + K72800) Taxes = K116600 - K95800 Taxes = K20800
Calculating the Difference Finally, we calculate the difference between Total Sales and Total Expenditure to determine the profit or loss. Difference = Total Sales - Total Expenditure Difference = K468000 - K116600 Difference = K351400
Examples
Understanding business budgets is crucial for managing finances effectively. For example, if Kimi wants to expand her business, she needs to analyze her budget to see if she has enough profit to invest in new equipment or hire more staff. By accurately tracking sales and expenditures, Kimi can make informed decisions to ensure her business's financial health and growth. This also helps in identifying areas where she can cut costs or increase revenue.
