Budgeted S&A Expenses Salary expenses Sales commissions, 5% of sales Insurance expenses Rent Depreciation on equipment Utilities Total operating expenses Schedule of Cash Payments for S&A Expenses Salary Expenses 100% of prior month sales commissions Insurance Expense Rent 100% of Prior months utilities expenses Total payments foe S&A expenses The amount of cash paid for S&A expenses during the month of November is: October November December 10,000 5,000 2,000 2,400 1,500 1,100 22,000 ? 5,100 2,000 ? 1,200 10,500 5,500 2,000 2,499 1,500 1,300 23,200 10,500 ? 2,000 ? ? ? 11,000 5,300 2,000 2,400 1,500 1,500 23,700 ? ? 2,000 2,400 ? ?
Budgeted S&A Expenses Salary expenses Sales commissions, 5% of sales Insurance expenses Rent Depreciation on equipment Utilities Total operating expenses Schedule of Cash Payments for S&A Expenses Salary Expenses 100% of prior month sales commissions Insurance Expense Rent 100% of Prior months utilities expenses Total payments foe S&A expenses The amount of cash paid for S&A expenses during the month of November is: October November December 10,000 5,000 2,000 2,400 1,500 1,100 22,000 ? 5,100 2,000 ? 1,200 10,500 5,500 2,000 2,499 1,500 1,300 23,200 10,500 ? 2,000 ? ? ? 11,000 5,300 2,000 2,400 1,500 1,500 23,700 ? ? 2,000 2,400 ? ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Budgeted S&A Expenses
Salary expenses
Sales commissions, 5% of sales
Insurance expenses
Rent
Depreciation on equipment
Utilities
Total operating expenses
Schedule of Cash Payments for S&A Expenses
Salary Expenses
100% of prior month sales commissions
Insurance Expense
Rent
100% of Prior months utilities expenses
Total payments foe S&A expenses
The amount of cash paid for S&A expenses during the month of November is:
October November December
10,000
5,000
2,000
2,400
1,500
1,100
22,000
?
5,100
2,000
?
1,200
?
10,500
5,500
2,000
2,490
1,500
1,300
23,200
10,500
?
2,000
?
?
?
11,000
5,300
2,000
2,400
1,500
1,500
23,700
?
?
2,000
2,400
?
?
Transcribed Image Text:Multiple Choice
O
O
O
O
$21,000
$22,200
$21,700
$23,200
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