North Company Has Other Operating Expenses of $360,000

question 139

Multiple Choice

North Company has other operating expenses of $360,000.There has been a decrease in prepaid expenses of $16,000 during the year, and accrued liabilities are $24,000 larger than in the prior period.Using the direct method of reporting cash flows from operating activities, what were North's cash payments for operating expenses?

• A)$368,000.
• B)$352,000.
• C)$320,000.
• D)$400,000.

Understand the application of Rawls's model to social justice, criminal justice, and social institutions.

Grasp Rawls's stance on the relationship between moral judgments and actions.

Understand Rawls's view on the importance of society ensuring participation and meaningful work for its citizens.

Understand Rawls's model of justice and its foundational principles.

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Definitions:

Diminishing Returns

A rule that asserts when one input in the production process is augmented without changes to the others, there will ultimately be a decline in output after reaching a specific level.

Average Fixed Cost

The cost per unit that remains constant regardless of the level of production or output.

Output

The total amount of goods or services produced by a company or economy.

Total Cost

The total expense incurred in the production of goods or services, including both fixed and variable costs.