The following details have been extracted from the budget of a merchandising company.

Commissions and salaries expenses are paid 50% in the month to which they are incurred and the balance in the next month.
Rent and miscellaneous expenses are paid as and when they occur.Insurance is prepaid at the beginning of the quarter.Calculate cash payments for the selling and administrative expenses for the first quarter of the next year.
A)$25,600
B)$49,800
C)$75,400
D)$27,900

Question

The following details have been extracted from the budget of a merchandising company.

Commissions and salaries expenses are paid 50% in the month to which they are incurred and the balance in the next month.
Rent and miscellaneous expenses are paid as and when they occur.Insurance is prepaid at the beginning of the quarter.Calculate cash payments for the selling and administrative expenses for the first quarter of the next year.
A)$25,600 
B)$49,800 
C)$75,400 
D)$27,900

Quizplus · Accepted Answer

C) 11ea8a42_4fa6_3b1a_8b44_b1357b4d8825_TB5024_00

The Following Details Have Been Extracted from the Budget of a Merchandising