Troyer Company Reported the Following Information for 2010 $\bullet$ Operating Expenses Are: Salaries, $50,000; Depreciation, $20,000; Rent, $10,000; Utilities

question 160

Multiple Choice

Troyer Company reported the following information for 2010:
$\bullet$

Operating expenses are: Salaries, $50,000; Depreciation, $20,000; Rent, $10,000; Utilities, $14,000
$\bullet$ Operating expenses are paid during the month incurred.
$\bullet$ Accounts payable is used only for inventory acquisitions.
How much is the budgeted amount of cash to be paid for operating expenses in November?

• A) $202,000
• B) $74,000
• C) $94,000
• D) $222,000

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Definitions:

Integrated Set

A collection of elements or principles that are combined in a way that they work together effectively.

Ideology

A systematically interrelated set of beliefs whose primary function is explanation. It circumscribes thinking, making it difficult for the holder to escape from its mould.

Paradigm

A distinct set of concepts or thought patterns, including theories, research methods, postulates, and standards for what constitutes legitimate contributions to a field.

Acquiescent Response Set

Tendency to agree with items in an attitude questionnaire. This leads to an ambiguity in interpretation if a high score on an attitude questionnaire can be obtained only by agreeing with all or most items.