43. Wateredge Corporation has budgeted a total of $361,800 in costs and expenses

Question

43. Wateredge Corporation has budgeted a total of $361,800 in costs and expenses for the upcoming quarter. Of this amount, $45,000 represents depreciation expense and $7,300 represents the expiration of prepayments. Wateredge's current payables balance is $265,000 at the beginning of the quarter. Budgeted payments on current payables for the quarter amount to $370,000. The company's estimated current payables balance at the end of the quarter is:
A. $179,500.
B. $204,500.
C. $203,500.
D. $310,000.

Explanation / Answer

B. $204,500.

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