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Author Question: Rowen Company pays 80% of its expenses in the month incurred. Rowen's controller has developed the ... (Read 47 times)

dongbo

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Question 1

Alexa Industries has the following amounts budgeted for selling and administrative expenses for February:

Advertising$78,600
Rent56,200
Office equipment depreciation14,800
Bad debts6,400
Supplies13,200
What amount will Alexa report on its February pro-forma income statement for selling and administrative expenses?
◦ $169,200
◦ $154,400
◦ $156,000
◦ $148,000

Question 2

Rowen Company pays 80% of its expenses in the month incurred. Rowen's controller has developed the following budgeted amounts budgeted for selling and administrative expenses for July:

Advertising$16,600
Receptionist salary15,300
Office equipment depreciation8,600
Bad debts7,400
Supplies12,000
What amount will Rowen report on its July pro-forma income statement for selling and administrative expenses?
◦ $59,900
◦ $43,900
◦ $47,920
◦ $35,120


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Marked as best answer by dongbo on Feb 5, 2023

Preeti

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dongbo

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Reply 2 on: Feb 5, 2023
:D TYSM


31809pancho

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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