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Svet_ta [14]
3 years ago
9

Webster Corporation's monthly projected general and administrative expenses include $5,000 administrative salaries, $2,400 of ot

her 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:
algol [13]3 years ago
5 0

Answer:

The total general and administrative expenses to be reported on the general and administrative expense budget per month is $8,800

Explanation:

The computation of total general and administrative expense is shown below:

= Administrative salaries + Other cash administrative salaries + depreciation + Monthly interest on an outstanding bank loan

= $5,000 + $2,400 + $1,350 + $50

= $8,800

All cost is need to be recognized while computing the general and administrative expense because it is related to the expenses. Hence, it is included in the computation part

Hence, the total general and administrative expenses to be reported on the general and administrative expense budget per month is $8,800

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Which of the following types of product sales are most
xeze [42]
Stereo speakers, new car, furniture, an expensive watch
4 0
2 years ago
Read 2 more answers
If budgeted beginning inventory is $9,150, budgeted ending inventory is $10,420, and budgeted cost of goods sold is $11,110, bud
vekshin1

Answer:

$12,380

Explanation:

The beginning inventory is $9,150

The budgeted ending inventory is $10,420

The cost of goods sold is $11110

Therefore the budgeted purchases can be calculated as follows

= $10,420 + $11,110-$9,150

= $21,530 - $9,150

= $12,380

Hence the budgeted purchases is $12,380

7 0
3 years ago
Beau went shopping at ABC Carpet. He saw some carpet he liked but could not make up his mind. The manager at ABC Carpet wrote do
Taya2010 [7]

Answer:

C) The court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.

Explanation:

From the case it is clear that the contract happens between Beau and the Manager of XYZ is of selling the carpet only. The service on the other hand, is not a department of UCC. The service contracts are department of common law whereas sales of goods law is applied to UCC or Uniform Commercial Code. So, except this option, all other options are false.

5 0
3 years ago
It costs​ Homer's Manufacturing to produce baseballs and Homer sells them for a piece. Homer pays a sales commission of​ 5% of s
Nonamiya [84]

Answer:

$105,075

Explanation:

The computation of the operating income is shown below:

Sales (4 × 69,500)                                              $278,000

Less:Variable costs (0.95 × 69,500 + 5% × 278,000)  $79,925

Contribution margin                                                     $198,075

Less: fixed cost (13,000 + 80,000)                      $93,000

Net operating income                                                 $105,075

We simply deduct the variable cost and the fixed cost from the sales to arrive at the net operating income

4 0
3 years ago
Generally, revenue from sales should be recognized at a point when
qaws [65]

Answer:

D. none of these answer choices are correct.

Explanation:

The principle of revenue recognition occurs when the revenue is realized or earned either cash is received or not and it also serves the accounting accrual basis. Realizable also means that the buyer gets the product but the payment is made afterward.

In this, it does not depend on cash transactions.  

Hence, the option D is correct

3 0
3 years ago
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