Horizon Financial Inc. was organized on February 28. Projected selling and administrative expenses for each of the first three months of operations are as follows: March April MayExpenses $125,800 $117,000 $106,500Depreciation, insurance, and property taxes represent $27,000 of the estimated monthly expenses. The annual insurance premium was paid on February 28, and property taxes for the year will be paid in June, 65% of the remainder of the expenses are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month. Prepare a schedule of cash payments for selling and administrative expenses for March, April, and May.

Depreciation, insurance, and property taxes represent $27,000 of the estimated monthly expenses so will have to be removed to find out how much is due in the month.

                                                                          March           April           May

March Expenses :  

Paid in March                                                   $73,112

Paid in April                                                                          $25,688

April Expenses :  

Paid in April                                                                     $66, 600

Paid in May                                                                                            $23,400

May Expenses :  

Paid in May                                                                                            $‭58,830‬

Total Cash Payment                                        $73,112      $92,288   $82,230

March Expenses

Paid in March ((125,800 - 27,000)* 74%) = $73,112

Paid in April ((125,800 - 27,000)*26%) = $25,688.

April Expenses

Paid in April ((117,000 - 27,000)*74%) =  $66, 600

Paid in May ((117,000 - 27,000)*26%) = $23,400

May Expenses

Paid in May ((106,500 - 27,000)*74%) = $‭58,830‬

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.

answercontrol is returned to method c;