How much cash will be needed to pay the following general and administrative expenses? Advertising expense 4,500
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Question:
How much cash will be needed to pay the following general and administrative expenses?
Advertising expense | £4,500 |
Executives' salaries expense | 10,000 |
Depreciation expense | 5,250 |
Amortization of patent | 1,225 |
Interest expense | 750 |
Total | £21,725 |
a. £21,725
b. £20,500
c. £15,250
d. none of the offered answers is true
Related Book For
Introduction to Finance Markets Investments and Financial Management
ISBN: 978-1118492673
15th edition
Authors: Melicher Ronald, Norton Edgar
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