Question

FORECASTED OPERATING EXPENSES
WALTERS ELECTRIC
Type of expense
Cost of goods
Rent
Utilities
Salaries
Advertising
Supplies
Insurance
Payroll Taxes
Other

TOTAL

SUM
AVERAGE
MIN
MAX

January 20-
Amount
$2,400
900
100

2,000
800

75
175
50

$6,500

Answer 1

To provide a clearer breakdown of the forecasted operating expenses for Walters Electric, we can summarize the data and also calculate the requested statistics (SUM, AVERAGE, MIN, and MAX) for the provided expenses. Let's organize the information:

### Forecasted Operating Expenses for Walters Electric - January 20-

| Type of Expense | Amount |
|--------------------|----------|
| Cost of Goods | $2,400 |
| Rent | $900 |
| Utilities | $100 |
| Salaries | $2,000 |
| Advertising | $800 |
| Supplies | $75 |
| Insurance | $175 |
| Payroll Taxes | $50 |
| Other | $0 | *(Assumed other expenses are zero if not specified)* |

**Total Forecasted Operating Expenses Calculation:**
- Total Costs = Cost of Goods + Rent + Utilities + Salaries + Advertising + Supplies + Insurance + Payroll Taxes + Other
- Total Costs = $2,400 + $900 + $100 + $2,000 + $800 + $75 + $175 + $50 + $0
- **Total** = **$6,500**

### Summary Statistics:
- **SUM**: $6,500 (already calculated).
- **AVERAGE**: Total Expenses / Number of Expense Types.
- AVERAGE = $6,500 / 8 = $812.50

- **MIN**: The minimum amount in the expense list is $0 (for "Other").
- **MAX**: The maximum amount in the expense list is $2,400 (for "Cost of Goods").

### Final Summary:
- **TOTAL**: $6,500
- **SUM**: $6,500
- **AVERAGE**: $812.50
- **MIN**: $0
- **MAX**: $2,400

If you have further questions or need more calculations, let me know!