Webster Corporation's Monthly Projected General and Administrative Expenses Include $5,000

Multiple Choice

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 general and administrative expenses to be reported on the general and administrative expense budget per month.

A) $17,400.
B) $7,400.
C) $8,750.
D) $5,050.
E) $8,800.