Question

Webster Corporation's monthly projected general and administrative expenses include $4,100 administrative salaries, $1,500 of other cash administrative expenses, $2,300 of depreciation expense on the administrative equipment, and .5% monthly interest on an outstanding bank loan of $29,000. Compute the total budgeted general and administrative expenses budget per month.

Answer 1

Answer:

$7,900

Explanation:

Computation for the total budgeted general and administrative expenses budget per month.

Monthly projected general and administrative expenses :

Arministrative salaries $4,100

Other cash administrative expenses $1,500

Depreciation expense on the administrative Equipment $2,300

Total budgeted general and administrative expenses budget per month $7,900

($4,100+$1,500+$2,300)

Therefore the total budgeted general and administrative expenses budget per month will be $7,900