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Dental,Inc Use the Direct Method to Compute the Payments Made to Flows.Refer

question 180

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Dental,Inc.uses the direct method to prepare its statement of cash flows.Refer to the following financial statement information for the year ended December 31,2019: $Dental,Inc.uses the direct method to prepare its statement of cash flows.Refer to the following financial statement information for the year ended December 31,2019: \begin{array}{c} \text {Dental, Inc,}\\ \text {Income Statement}\\ \text {December 31,2019}\\\begin{array}{|l|r|l|} \hline\text { Sales Revenue } & \$ 289,600 & \\ \hline \text { Interest Revenue } & 2600 & \\ \hline \text { Gain on Sale of Plant Assets } & 6,000 & \\ \hline \text { Total Revenues and Gains } & & \$ 298,300\\ \hline\text { Cost of Goods Sold } & 146,800 \\ \hline \text { Salaries and Wages Expense } & 47,500 \\ \hline \text { Depreciation Expense - Plant Assets } & 16,000 \\ \hline \text { Other Operating Expense } & 24,700 \\ \hline\text { Interest Expense } & 3,500 \\ \hline \text { Income Tax Expense } & 7,800 \\ \hline \text { Total Expenses } &&246,300\\ \hline\text { Net Income }&&\$52,000\\ \hline \end{array}\end{array} Use the direct method to compute the payments made to employees.(Accrued Liabilities relate to other operating expense.) A) $72,200 B) $43,500 C) $24,700 D) $47,500$ $\begin{array}{c}\text {Dental, Inc,}\\ \text {Income Statement}\\\text {December 31,2019}\\\begin{array}{|l|r|l|}\hline\text { Sales Revenue } & \$ 289,600 & \\\hline \text { Interest Revenue } & 2600 & \\\hline \text { Gain on Sale of Plant Assets } & 6,000 & \\\hline \text { Total Revenues and Gains } & & \$ 298,300\\\hline\text { Cost of Goods Sold } & 146,800 \\\hline \text { Salaries and Wages Expense } & 47,500 \\\hline \text { Depreciation Expense - Plant Assets } & 16,000 \\\hline \text { Other Operating Expense } & 24,700 \\\hline\text { Interest Expense } & 3,500 \\\hline \text { Income Tax Expense } & 7,800 \\\hline \text { Total Expenses } &&246,300\\\hline\text { Net Income }&&\$52,000\\\hline\end{array}\end{array}$ Use the direct method to compute the payments made to employees.(Accrued Liabilities relate to other operating expense.)

Develop analytical skills in evaluating operational performance through variance analysis.

Gain insights into the impact of price, quantity, and efficiency variances on a company's financial performance.

Enhance problem-solving skills through the interpretation of variance analysis results.

Understand how to calculate and interpret labor efficiency variances.

Definitions:

Adrenal Cortex

The outer layer of the adrenal glands, producing vital hormones including cortisol and aldosterone.

Thyroid Gland

A butterfly-shaped gland located in the front part of the neck, responsible for producing hormones that regulate metabolism and energy generation.

Anterior Pituitary Gland

The front portion of the pituitary gland, which produces and releases hormones that regulate diverse body functions, including growth and reproduction.

Pars Nervosa

The posterior part of the pituitary gland, which releases hormones stored in axon terminals from the hypothalamus.