1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Darina [25.2K]
3 years ago
7

MC Qu. 160 Webster Corporations monthly...Webster Corporation's monthly projected general and administrative expenses include $5

,000 administrative salaries, $2,400 of other cash administrative expenses, $1,350 of depreciation expense on the administrative equipment, and 0.5% monthly interest on an outstanding bank loan of $10,000. Compute the total general and administrative expenses to be reported on the general and administrative expense budget per month.
Business
1 answer:
podryga [215]3 years ago
8 0

Answer:

The total general and administrative expenses to be reported on the general and administrative expense budget per month is $8,750

Explanation:

The computation of total general and administration expenses is shown below:

= Administrative salaries + other cash administrative expenses + depreciation expense on the administrative equipment

= $5,000 + $2,400 + $1,350

= $8,750 per month

The monthly interest is ignored because it is not a part general and administrative expenses. That's why it is not considered in the computation part.

Hence, the total general and administrative expenses to be reported on the general and administrative expense budget per month is $8,750

You might be interested in
Deshawn is in his fifth year of employment as a patrol officer for the metro police. his salary for his first year of employment
Vlad1618 [11]
The sum of Deshawn's salaries for his first five years of service is $254,567.
6 0
3 years ago
Read 2 more answers
Sunbed Company sells tanning beds that are shipped in large reusable containers. Customers are charged a deposit for each contai
kolbaska11 [484]

Answer:

Liability needs to be reduced by cash refunds that are made to customers as and when the containers are returned.

Cash refunds = Deposits collected * Percentage returned

Cash refunds = $100,000 * 95%

Cash refunds = $95,000

Date  General Journal                             Debit         Credit

          Liability - Refundable Deposits  $95,000

                 Cash                                                        $95,000

8 0
2 years ago
A three-person committee has to choose a winner for a national art prize. After some debate, there are three candidates still un
andre [41]

Explanation:

The preference committee members are as follows:

Member 1 prefers a to b and b to c

Member 2 prefers c to a and a to b

Member 3 prefers b to c and c to a

The order of this problem can be solved:

Preference for 1, 2 and 3 are as below:

1. a then b then c

2. c then a then b

3. b then c then

Member 1 knowing advantage , will always disagree with 2 and 3 so that he can win when it comes to vote

So, 2 and 3 in order to win , will have to cooperate with each other.

As we can see that the least suitable option according to Member 2 and Member 3 are b and a respectively. Therefore they would not consider supporting either b or a.

So the possible option of Member 2 and Member 3 supporting will be C.

Therefore both 2 and 3 will agree on C.

The predicted outcome of the game is C.

5 0
3 years ago
Maddox Auto Parts, Inc., contracted with Billy's Mufflers Co. to purchase 35 mufflers from their warehouse supplies. All the muf
juin [17]

Answer: A. at the time of contracting.

Explanation:

Insurable interest is the reasonable concern to obtain insurance against unforeseen events such like losses or death. Insurable interest is when the loss of an object or damage would result in a financial loss.

Based on the information given, Maddox Auto Parts gained an insurable interest in the mufflers at the time of contracting. An individual will gain an insurable interest immediately s contract takes place.

Therefore, the correct option is A.

5 0
2 years ago
At the beginning of the period, there were 500 units in process that were 60% complete as to conversion costs and 100% complete
elena-s [515]
I think the answer is probably C
6 0
3 years ago
Other questions:
  • Anybody know how to do FIFO / LIFO Accountancy stuff?
    9·1 answer
  • Paul Inc. forecasts a capital budget of $725,000. The CFO wants to maintain a target capital structure of 45% debt and 55% equit
    12·1 answer
  • On June 3, Sweet Company sold to Chester Company merchandise having a sale price of $4,600 with terms of 2/10, n/60, f.o.b. ship
    6·1 answer
  • Why is this app so good
    9·2 answers
  • Write a summary of the following passage: full-time employees earn vacation days at the rate of one day per month, or twelve day
    6·1 answer
  • Which of the following is correct?a. There is consensus among economists that unions are good for the economy.b. There is consen
    11·1 answer
  • At what school was there major rioting over james meredith’s enrollment?
    13·1 answer
  • An investment will pay $200 at the end of each of the next 3 years, $300 at the end of Year 4, $500 at the end of Year 5, and $8
    13·1 answer
  • Five firms exist in the Liagiba industry. Their respective market shares are 35, 25, 15, 15, and 10 percent. Five firms exist in
    13·1 answer
  • 5 strategies for keeping a job
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!