Unformatted text preview: from January (12% of $800,000) 3. What amount of Accounts Payable will be booked on February 28 for payment during March ? The Accounts Payable at the end of February would include all expenses incurred but not yet paid NET of depreciation since that amount would not be payable in cash. Therefore February 28 A/P would be $114,000 which is $30,000 in Fixed Costs from February and $84,000 in VC from February (12% of $700,000)...
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- Spring '08
- Depreciation, Expense, Sample Problem Set