The Activity of Vegas Company for the Month of April

question 104

Multiple Choice

The activity of Vegas Company for the month of April is given below:
$\begin{array} { l } \text { Cash purchases of inventory}&\$45,000 \\ \text {Credit purchases of inventory }&\$ 50,000\\ \text { Cash payment for credit purchases of inventory}&\$ 12,000\\ \text { Cash dividend paid}&\$7,000 \\ \text { Wages earned and paid}&\$ 12,000\\ \text {Wages earned and unpaid }&\$2,000 \\ \text {Rent paid for April, May and June }&\$ 9,000\\\end{array}$

Using the cash basis of accounting,the total expenses for Vegas Company for the month of April are ________.

• A) $35,000
• B) $78,000
• C) $80,000
• D) $95,000

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Definitions:

Saturation

In a chemical context, the point at which a solution can no longer dissolve more of a solute; in color theory, the intensity of a color.

Subtractive Color

A color model in which colors are created by subtracting light from a white background using color filters, typical in printing.

Perceptual Experiences

The subjective interpretation of sensory information, which constitutes the individual's experience of the world.

Raw Sensations

Relates to the basic, immediate experiences that arise from stimuli affecting sensory receptors, before undergoing significant mental processing.