Total operating expenses on Legg Company's income statement for last year totaled $260,000. During the year the accrued liabilities decreased by $12,000, and prepaid expenses increased by $18,000. Depreciation expense for the year were $25,000. Based on this information, operating expenses adjusted to cash basis under the direct method on the statement of cash flows would be:
A) $255,000.
B) $315,000.
C) $205,000.
D) $265,000.
D
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Suppose the money demand function is MD = P× [(0.25 ×Y) ? (100 ×i)],where Y is expressed in billions of dollars and i is expressed in percentage points. a.Suppose that initially P = 2, Y = 5,000, and i = 5. If income rises to 6,000, what is the new equilibrium nominal interest rate? b.Suppose that initially P = 3, Y = 4,000, and i = 7. If the price level falls to 2, what is the new equilibrium nominal interest rate?
What will be an ideal response?
An annuity due is an annuity for which the cash flows occur on the first day of each period
Indicate whether the statement is true or false
Davis Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $1.70 per direct labor-hour; the budgeted fixed manufacturing overhead is $116,000 per month, of which $30,000 is factory depreciation.If the budgeted direct labor time for December is 4,000 hours, then the predetermined manufacturing overhead per direct labor-hour for December would be:
A. $30.70 B. $23.20 C. $1.70 D. $9.20
________ refers to all the activities that communicate the value of a product and persuade customers to buy it.
Fill in the blank(s) with the appropriate word(s).