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dem82 [27]
2 years ago
11

Handmade Soaps Company had operating expenses of $52,000. At the beginning of the year, Handmade Soaps owed $15,000 on accrued l

iabilities. At year-end, accrued liabilities were $5,000. How much cash did Handmade Soaps pay for operating expenses
Business
1 answer:
Softa [21]2 years ago
3 0

Answer:

Cash Paid = $62000

Explanation:

To calculate the amount of cash paid by the business for operating expenses during the year, we use the following equation.

Cash Paid = Opening Accrued liability + Operating expenses for the year - Closing Accrued Liability

By plugging in the values for opening accrued liabilities, operating expenses for the year and closing accrued liabilities in the above formula, we can calculate the amount of cash paid for operating expenses.

Cash Paid = 15000 + 52000 - 5000

Cash Paid = $62000

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The number and magnitude of decisions and problems that must be addressed during an emergency are a direct outgrowth of: A. The
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Answer:

The correct option is B.

Explanation:

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3 years ago
When a manager deciding how to most fairly identify internal candidates for a promotion she is making a __________.
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A) <em>a moral judgement.</em>

Explanation:

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7 0
2 years ago
Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following i
Oxana [17]

Answer and Explanation:

The preparation of the operating activities section is shown below:

                                         Rodriguez Company

                             Statement of Cash Flows (partial)

Cash flows from operating activities:  

Net loss $ (6,400)  

Adjustments  

Add: Depreciation expenses $4,500

Add: Amortization of copyright $200

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3 0
3 years ago
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Brrunno [24]

Answer:

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4 0
2 years ago
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