Question

Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year:What are total operating expenses

Answer 1

The answer is "$38000"

Step-by-step explanation:

Please find the complete question in the attachment file.

Clip of the paper

Statement of income

Income Revenues 164000

Less: goods sale cost 93000

Significant Benefit 71000

Expenditure for operation:

Committee for sales 10000

Shop rental 13500

Shop utilities 9500

Operating costs Gross 33000

Operating revenue 38000

Costs of products sold calculation:

Investment (January 1) 27000

Goods Bought 89000

Total sub 116000

Reference: Inventory ( December 31 ) 23000

Goods sold at discount 93000