Question
Dorothy is budgeting for the following expenses in September: Utilities $ 700 Rent 800 Depreciation 1,400 Allowance for defective units 300 Taxes 1,000 Additional information:
Dorothy is budgeting for the following expenses in September:
Utilities $ 700
Rent 800
Depreciation 1,400
Allowance for defective units 300
Taxes 1,000
Additional information:
Utilities are paid for in the month of expense
Rent is paid in January
Depreciation includes $200 which relates to the cash purchase of a new $7,200 piece of equipment in September
Taxes are estimated to total $12,000 for the year. A $2,800 quarterly payment has to be paid in September.
What is the total dollar amount related to the above information that should be included as part of cash disbursements in the September cash budget?
A. $12,200
B. $11,500
D. $10,700
C. $11,000
E. none of the above
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