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How much ABC disburse in cash for administrative expenses

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Question - In January ABC budgets to incur $100,000 of administrative expenses. 90% of these expenses will be paid in the month and the remaining 10% are paid the following month. Included in the $100,000 of administrative expenses is depreciation of $8,000. The amount owing for administrative expenses at the start of January is $15,000. How much will ABC disburse in cash for administrative expenses in January?

Reference no: EM133056098

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