• The following budget information is available for Crescent Company for January Year 2: 
• 
  
• Sales     $ 800,000, 
• Cost of goods sold     540,000, 
• Utilities expense      2,500, 
• Administrative salaries   100,000, 
• Sales commissions     5 % of Sales, 
• Advertising            20,000, 
• Depreciation on store equipment     50,000, 
• Rent on administration building     60,000, 
• Miscellaneous administrative expenses   10,000, 
• Percentage of sales on credit      80 %. 
• All operating expenses are paid in cash in the month incurred. What is  the amount of expected cash outflow for selling and administrative expenses?

Answer rating: 100% (QA)

To calculate the expected cash outflow for selling and administrative expenses for Crescent Company ... View the full answer