Question

Webster Corporation's monthly projected general and administrative expenses include $4,200 administrative salaries, $1,600 of other cash administrative expenses, $2,250 of depreciation expense on the administrative equipment, and .5% monthly interest on an outstanding bank loan of $28,000. Compute the total budgeted general and administrative expenses budget per month.

Answer 1

Answer:

General and administrative expenses budget = $8,050

Explanation:

         General and administrative expenses budget    

Particular's                                                             Amount

Administrative expenses                                      $4,200

Administrative salaries                                          $1,600

Other cash administrative expenses                   $2,250

General and administrative expenses budget  $8,050

Note: Interest on outstanding bank loan will not include in general and administrative expenses budget.