Question
Operating expenses of the Law Company for the month of April are expected to be $38,000, of which $15,000 is salaries and $8,000 is depreciation.
Operating expenses of the Law Company for the month of April are expected to be $38,000, of which $15,000 is salaries and $8,000 is depreciation. The remaining operating expenses are variable with respect to the amount of sales in dollars. Those operating expenses requiring a cash outlay are paid for during the month incurred. Law Company's cash balance on March 1 was $43,000, and on April 1 was $35,000.
What would be the expected cash disbursements during April for operating expenses?
Select one:
a.
$30,000.
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b.
$38,000.
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c.
$15,000.
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d.
$23,000.
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