Mrs. Jones owns a computer store. The gross sales for the first quarter of the year were $215,000 . There was $6,750 in returned merchandise and $3,250 in sales discounts. Her beginning merchandise inventory was $40,000 and her ending inventory was $30,000 . She purchased $25,000 of additional merchandise for sale during the quarter, returned $3,750 worth of merchandise damaged during shipment,
and received $4,500 in purchase discounts. Mrs. Jones' operating expenses include the following: delivery expense, $2,000; depreciation expense for equipment, $1,500; payroll taxes expense, $500; salary expense, $12,500; supplies, $20,000; and utilities expense, $1,500. What are the total operating expenses for Mrs. Jones' computer store?
a. $18,000
b. $2,000
c. $22,000
d. $197,000
a
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What will be an ideal response?
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Answer the following statement true (T) or false (F)