What is the total amount of S&A expenses for the fourth quarter that the company will...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
What is the total amount of S&A expenses for the fourth quarter that the company will report on its pro forma income statement? Budgeted S&A Expenses Salary Expense Sales Commissions 5% of Sales Insurance Expense Rent Depreciation on equipment Utilities Total Operating Expenses Schedule of Cash Payments for S&A Expenses Salary Expense 100% of Prior Month Sales Commissions Insurance Expense Rent 100% of Prior Months Utilities Expense Total Payments for S&A Expenses 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 2,400 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 ? What is the total amount of S&A expenses for the fourth quarter that the company will report on its pro forma income statement? Budgeted S&A Expenses Salary Expense Sales Commissions 5% of Sales Insurance Expense Rent Depreciation on equipment Utilities Total Operating Expenses Schedule of Cash Payments for S&A Expenses Salary Expense 100% of Prior Month Sales Commissions Insurance Expense Rent 100% of Prior Months Utilities Expense Total Payments for S&A Expenses 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 2,400 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 ?
Expert Answer:
Answer rating: 100% (QA)
The question asks to calculate the total amount of Selling and Administrative SA expenses for the fo... View the full answer
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date:
Students also viewed these accounting questions
-
The budget director for Yardley Cleaning Services prepared the following list of expected selling and administrative expenses. All expenses requiring cash payments are paid for in the month incurred...
-
The budget director for Lenoir Window Cleaning Services prepared the following list of expected operating expenses. All expenses requiring cash payments are paid for in the month incurred except...
-
Wavelength (in nm) of the Lyman series for an one-electron ion is in the range 24 30. The ionization 1019 - rev 1.6 energy of the ion will be closest to 32 eV 42 eV 52 eV 62 eV 1J==
-
An investment project provides cash inflows of $710 per year for 9 years. Required: What is the project payback period if the initial cost is 3,550?
-
Long-Term Contract with Interim Loss On March 1, 2010, Pechstein Construction Company contracted to construct a factory building for Fabrik Manufacturing Inc. for a total contract price of...
-
The following problems provide more practice on operations with fractions and decimals. Perform the indicated operations. -24.84 6
-
You are asked to organize regular (e.g., every half year) quantitative user feedback on the general user satisfaction with major clinical application components of your hospital as part of health...
-
The radiation heat gage shown in the diagram is made from constantan metal foil, which is coated black and is in the form of a circular disk of radius R and thickness t. The gage is located in an...
-
5 Tito Martinez has just arranged to purchase a $560,000 vacation home in the Bahamas with a 25 percent down payment. The mortgage has an APR of 6.2 percent, compounded monthly, and calls for equal...
-
Market Corporation owns 100% of Subsidiary Corporation's stock. Market Corporation completely liquidates Subsidiary Corporation, receiving land with a $400,000 adjusted basis and a $500,000 FMV in...
-
Ball 1 has mass m1=2m and is moving toward the positive x-axis with velocity v. It makes a head-on elastic collision with a stationary ball 2 of mass m2= m. After the collision their speeds (vr and...
-
Find the value of y if AC-3y+5, CB=4y-1, AB=9y-12, and point C lies between A and B.
-
Luthan Company uses a plantwide predetermined overhead rate of $ 2 2 . 2 0 per direct labor - hour. This predetermined rate was based on a cost formula that estimated $ 2 6 6 , 4 0 0 of total...
-
Determine the vertex of the parabola representing the function f(x)=-2x^(2)+12x-22 using two symmetric points. Find the x-values of the two symmetric points by setting f(x)=-22.
-
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail March 1...
-
Write a single source code file MyLinkedList.java that supports linked list of integers (class node is declared in the same source code file) that have methods for (a) making summation of node values...
-
Singletary Inc. makes and sells footballs. In 2018, the company made 120,000 footballs and sold 72,000 of them, at an average selling price of $75 per unit. Mike Singletary, the founder and CEO of...
-
One of the significant and relevant accounts for this cycle is equipment. For this account, what would typically be the most relevant assertions for the auditor to consider? Why is it important for...
-
Kalomiris Construction, Inc. is a locally very important construction company listed on a regional stock exchange. Its main market is building single-family homes, either for individuals or for...
-
Multiple Choice Questions Select the right answer (only one possible answers unless otherwise stated). 1 Which of the following measurement basis does not exist? (a) Historical cost (b) Decreasing...
-
Bosmans Company merges with the Badings Company, which will be dissolved after the merger. The balance sheet of each company is provided here (in 000 of CU). Balance sheets of the merging companies...
-
The finite element method is a. an approximate analytical method b. a numerical method c. an exact analytical method
-
What is the role of transformation matrices in the finite element method?
-
True or False. The element mass matrices are always singular.
Study smarter with the SolutionInn App