To determine the total expenses for Kelly Consulting, we need to add up all the individual expenses listed. Here's a structured step-by-step solution:
1. List the expenses:
- Salary expense: \[tex]$1,705
- Rent expense: \$[/tex]1,600
- Supplies expense: \[tex]$1,370
- Depreciation expense: \$[/tex]330
- Insurance expense: \[tex]$275
- Miscellaneous expense: \$[/tex]1,295
2. Add up the expenses:
- Start by adding salary and rent expenses:
[tex]\[
1,705 + 1,600 = 3,305
\][/tex]
- Add the supplies expense to the result:
[tex]\[
3,305 + 1,370 = 4,675
\][/tex]
- Add the depreciation expense to the result:
[tex]\[
4,675 + 330 = 5,005
\][/tex]
- Add the insurance expense to the result:
[tex]\[
5,005 + 275 = 5,280
\][/tex]
- Finally, add the miscellaneous expense:
[tex]\[
5,280 + 1,295 = 6,575
\][/tex]
3. Total expenses:
- The sum of all the listed expenses is:
[tex]\[
\$6,575
\][/tex]
Hence, the total expenses for Kelly Consulting for the given period amount to \$6,575.
