Webster Corporation's monthly projected general and administrative expenses include $5,000 administrative salaries, $2,400 of other cash administrative expenses, $1,350 of depreciation expense on the administrative equipment, and 0.5% monthly interest on an outstanding bank loan of $10,000. Compute the total budgeted general and administrative expenses budget per month.
A. $8,800.
B. $8,750.
C. $17,400.
D. $5,050.
E. $7,400.
Answer: B
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