The amount of cash paid for S&A expenses during the month of November is: Multiple Choice O
Fantastic news! We've Found the answer you've been seeking!
Question:
The amount of cash paid for S&A expenses during the month of November is:
Multiple Choice
O $141,200
O $127,000
O $131,700
O $134,200
Transcribed Image Text:
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 50,000 50,500 25,000 25,500 22,000 22,000 26,400 26,400 26,400 31,500 31,500 31,500 3,100 3,300 3,500 158,000 159,200 159,700 ? 25,100 50,500 ? 22,000 22,000 ? ? 3,200 ? ? 51,000 25,300 22,000 ? ? ? 22,000 26,400 ? ? 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 50,000 50,500 25,000 25,500 22,000 22,000 26,400 26,400 26,400 31,500 31,500 31,500 3,100 3,300 3,500 158,000 159,200 159,700 ? 25,100 50,500 ? 22,000 22,000 ? ? 3,200 ? ? 51,000 25,300 22,000 ? ? ? 22,000 26,400 ? ?
Expert Answer:
Answer rating: 100% (QA)
ANSWER127000 Solution The amount of cash paid for SA expens... View the full answer
Posted Date:
Students also viewed these accounting questions
-
When determining the amount of cash paid for income taxes, what would be indicated by an increase in the deferred income tax liability account?
-
Determine the amount of cash paid for income taxes in each of the nine independent situations below. All dollars are inmillions. Situation Income Tax Income Tax Payable Deferred Tax Liability Cash...
-
Determine the amount of cash paid for income taxes in each of the nine independent situations below. All dollars are in millions. Income Tax Income Tax Payable Increase (Decrease) Deferred Tax...
-
1) Explain what creates value and identify if there are aspects that do not create value. (Please include the citation and references) 2)What is the strength of Hyatt Hotel's Loyalty 3)What makes you...
-
The third general attestation standard indicates that the subject matter of the engagement must be capable of reasonably consistent evaluation against criteria that are suitable and available to the...
-
A large, national accounting firm decides it is time to outsource the preparation of income tax returns to an organization in India that has performed outsource services for other U.S. CPA firms. The...
-
What is an attorneys lien?
-
Hamilton Corp. manufactures a component used in a popular gaming console. Demand has been strong and the executive staff at Hamilton is planning for next year. On October 1, they call you into a...
-
When you get to the store, you discover that there is a 10% discount on purchases over $30. Will you qualify for the discount? If so, how much would the discount be worth approximately? You may...
-
There is a parcel of land next to the Playful Paws, Inc. building. Ellen, the owner of this property, approached John to discuss the idea of selling it to him. John is interested. Ellen knows that...
-
For the 5.0m cantilever beam shown below, calculate the immediate deflection due to dead load. In addition to it is own load the beam carries a de point load P = 50kN at its end, service live load =...
-
On January 1 , 2 0 2 4 , Kattelman Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cost for each year of 2 0 2 4 and 2 0 2 5 was $ 6 8 0 , 0 0 0 . The...
-
Blowing Sand Company has just received a one-time offer to purchase 10,600 units of its Gusty model for a price of $36 each. The Gusty model normally sells for $46 and costs $42 to produce ($31 in...
-
Davis Depot plans to invest $3,500 in a savings account paying 8% interest at the end of each year for 5 years to fund the replacement of a forklift. How much will be available to buy the forklift?...
-
6. If a person completes a 10.0 km race in a time of 31min 20.0 sec, calculate their speed in miles per hr. 10km 7. The gas tank of an extended range pickup truck can hold 136 liters of fuel. If this...
-
There are two main types of adrenergic receptors: the alpha and beta adrenoceptors. Noradrenaline shows slight selectivity for the alpha receptor, whereas isoprenalin show selectivity for the beta...
-
A block of mass 1 . 7 9 kg is placed on a frictionless floor and initially pushed northward, whereupon it begins sliding with a constant speed of 5 . 5 8 m / s . It eventually collides with a second,...
-
The Taylor's series expansion for cosx about x = 0 is given by: where x is in radians. Write a user-defined function that determines cosx using Taylor's series expansion. For function name and...
-
Van Morrison would like to use QuickBooks Accountant for his new company, Central Coast Cellular. You choose to use QuickBooks Accountant EasyStep Interview. The companys federal tax ID is...
-
What is the purpose of setting preferences in QuickBooks Accountant?
-
Do all businesses use account numbers?
Study smarter with the SolutionInn App