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Xander Company's CFO anticipates making adjustments to next year's planning budget based upon an anticipated 5.0% rate of inflation. A few selected items from the
Xander Company's CFO anticipates making adjustments to next year's planning budget based upon an anticipated 5.0% rate of inflation. A few selected items from the current planning budget are as follows: (1) Total salaries expenses = $250,000, (2) Health care expenses = $100,000, (3) Depreciation = $65,000, and (4) Interest expense = $37,750, 10-year fixed interest rate loan. After adjusting for inflation, what is the company's total budget for the next year for the four selected items? $470,250 $472,138 $473,500 $475,388
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