Webster Corporation's Monthly Projected General and Administrative Expenses Include $5,000

Webster Corporation's monthly projected general and administrative expenses include $5,000 administrative salaries, $2,400 of other cash administrative expenses, $1,350 of depreciation expense on the administrative equipment, and 0.5% monthly interest on an outstanding bank loan of $10,000. Compute the total general and administrative expenses to be reported on the general and administrative expense budget per month.

A) $8,750.
B) $8,800.
C) $17,400.
D) $5,050.
E) $7,400.

Correct Answer:

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