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

General and administrative expenses budget = $8,050

Step-by-step 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.