What is the total amount of S&A expenses for the fourth quarter that the company will report on its pro forma income statement? Multiple Choice
What is the total amount of S&A expenses for the fourth quarter that the company will report on its pro forma income statement? Multiple Choice
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![October November December
Budgeted S&A Expenses
Salary Expense
10,000 10,500 11,000
Sales Commissions 5% of Sales.
5,300
5,000 5,500
2,000
Insurance Expense
2,000
2,000
Rent
2,400
2,400
2,400
1,500
1,500
1,500
Depreciation on equipment
Utilities
1,100
1,300
1,500
Total Operating Expenses
22,000
23, 200
23,700
Schedule of Cash Payments for S&A
Expenses
Salary Expense
?
10,500
?
100% of Prior Month Sales
5,100
?
?
Commissions
Insurance Expense
2,000
2,000
?
2,000
2,400
Rent
?
100% of Prior Months Utilities
1,200
?
?
Expense
Total Payments for S&A Expenses
?
?
?
What is the total amount of S&A expenses for the fourth quarter that the company will report on its pro forma income statement?
Multiple Choice
$64,400
$68,900
$23,700
$63,900](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3ee5b321-33a4-4556-bb6f-362489f3b81f%2Fef6c8b8f-0f9d-466e-8d44-f5b52edbdfb0%2Friijgg9_processed.png&w=3840&q=75)
Transcribed Image Text:October November December
Budgeted S&A Expenses
Salary Expense
10,000 10,500 11,000
Sales Commissions 5% of Sales.
5,300
5,000 5,500
2,000
Insurance Expense
2,000
2,000
Rent
2,400
2,400
2,400
1,500
1,500
1,500
Depreciation on equipment
Utilities
1,100
1,300
1,500
Total Operating Expenses
22,000
23, 200
23,700
Schedule of Cash Payments for S&A
Expenses
Salary Expense
?
10,500
?
100% of Prior Month Sales
5,100
?
?
Commissions
Insurance Expense
2,000
2,000
?
2,000
2,400
Rent
?
100% of Prior Months Utilities
1,200
?
?
Expense
Total Payments for S&A Expenses
?
?
?
What is the total amount of S&A expenses for the fourth quarter that the company will report on its pro forma income statement?
Multiple Choice
$64,400
$68,900
$23,700
$63,900
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