ABC Company is preparing its Selling and Administrative Expense budget. ABC Company predicts sales as...
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ABC Company is preparing its Selling and Administrative Expense budget. ABC Company predicts sales as follows: July $6,000 August $5.200 September $5,700 ABC Company has prepared the following list of expected operating expenses: $2,500 Salary Expense per month Commissions 10% of monthly Sales Rent Expense $1,200 per month $500 Depreciation per month July is ABC Company's first month of operations, so there are no beginning account balances. Commissions are paid the month after they are earned. What is ABC Company's budgeted total payment for selling and administrative expense for the month of September? 54.220 54.720 $4.770 54.270
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