Homework Answers
| HECTOR COMPANY | ||
| Budgeted Cash Disbursements | ||
| For August and September | ||
| August | September | |
| Payments for merchandise | 17,640.00 | 22,680.00 |
| Selling expenses | 6,480.00 | 7,200.00 |
| Administrative expenses | 3,960.00 | 4,400.00 |
| Rent expense | 2,600.00 | 2,600.00 |
| Total cash disbursements | 30,680.00 | 36,880.00 |
| Explanation: | ||
| August: | ||
| Selling expenses (18% of $36,000 sales) = $6,480 | ||
| Administrative expenses (11% of $36,000 sales) = $3,960 | ||
| September: | ||
| Selling expenses (18% of $40,000 sales) = $7,200 | ||
| Administrative expenses (11% of $40,000 sales) = $4,400 | ||
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