International Accounting Standard Mib Water For All Free Essay Example, 1500 words

MIBW4A incurred operational costs in paying salaries and wages for the technical team. Each technician received a monthly salary of USD 100. Annually, MIBW4A will incur USD 3600 within the first year of operation as it will hire three more technicians. With the need to install more filters, MIBW4A will incur more operational cost in salaries in the subsequent years. Other members of the local staff in the monthly payroll include subordinate staffs and operating officers whose salaries would total to USD 845,000. To increase their sales volume, the company plans to hire a sales team of 20 in the second and third year. In the first year of operation, the company hired no team to sell their products, hence incurring no expenses on sales staff within the first twelve months. Each salesperson takes away USD 150 per month. In their annual budget, MIBW4A planned for a weekly testing expenditure on filters estimated to be USD 525,200 over the three year period. As outlined above, MIBW4A bus iness faces a lot of challenges. The business incurred a lot of expense both in operation and fixed costs. We will write a custom essay sample on International Accounting Standard Mib Water For All or any topic specifically for you Only $17.96 $11.86/page