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'The general and administrative costs are expected to be constant at $2.95 million per year over the 10-year planning horizon. Administrative costs include the allocation
'The general and administrative costs are expected to be constant at $2.95 million per year over the 10-year planning horizon. Administrative costs include the allocation of senior management costs; the remainder of these costs relate directly to the new Motor Vessel division and are paid in cash when due.'
Question: In this case, should the cash expense be $2.95 million here, or the reminder: $2.95 million - the allocation of senior management costs ? Thank you :). It would be great, if you can answer as soon as possible.
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