The Following Information Has Been Provided by Hable Company: Advertising

question 50

Multiple Choice

The following information has been provided by Hable Company: Advertising expense $9,900;
Interest expense $3,700;
Rent expense $12,000;
Loss on sale of property and equipment $5,700;
Cost of goods sold $21,300;
Depreciation expense $7,100;
Prepaid insurance expense $1,000.
How much were Hable's operating expenses?

• A) $50,300.
• B) $54,000.
• C)$59,700.
• D)$43,200.

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Definitions:

Economics Club

A group or organization often found in academic institutions, where members discuss economic theories, current events, and sometimes engage in related projects or competitions.

Accounting Club

An organization or group often found in academic settings that focuses on the study and discussion of accounting practices, career development, and networking for accounting students and professionals.

Marginal Analysis

An examination of the benefits and costs of an additional unit of production or activity to make better decisions.

Tutoring

The act of providing individualized instruction or assistance to a student or learner in a specific subject area to improve their understanding or performance.