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Question1 : Webster Corporation's monthly projected general and administrative expenses include $4,900 administrative salaries, $2,300 of other cash administrative expenses, $1,900 of depreciation expense on the administrative equipment, and .5% monthly interest on an outstanding bank loan of $21,000. Compute the total general and administrative expenses to be reported on the general and administrative expense budget per month.
Multiple Choice
Option 1: $28,200.
Option 2: $7,200.
Option 3: $9,100
Option 4: $5,005.
Option 5: $9,205.
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