The Following Information Was Provided from the Records of Konstruct

question 85

Multiple Choice

The following information was provided from the records of Konstruct Inc, which began operations in the current year: $$\begin{array} { | l | r | } \text { Accrued expenses (payable) , end of year } & \$ 30,000 \\\hline \text { Sales revenue (cash and credit) } & 325,000 \\\hline \text { Prepaid expenses, end of year } & 15,000 \\\hline \text { Cash collected on customer accounts during the year } & 31,000 \\\hline \text { Cash paid for expenses (including prepaid expenses and cost of } & 207,000 \\\text { goods sold) } & \\\hline\end{array}$$ What were the company's expenses for the year?

• A)$192,000
• B)$207,000
• C)$222,000
• D)$237,000

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Definitions:

Simple Effect

The effect of one independent variable at a particular level of another independent variable in a factorial design.

Factorial Research

Factorial research involves experiments that study the effects of more than one independent variable at a time on a dependent variable.

Single-Factor Research

An experimental design involving only one independent variable.

Independent Variable

A variable in an experiment or study that is manipulated or changed to observe its effect on the dependent variable.