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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.)

Definitions:

Forecasting

The process of making predictions about future events or trends, often based on historical data and analysis.

Informal

Characterized by a relaxed, friendly, or unofficial style, manner, or nature.

Workforce Reduction

A decrease in the number of employees through means like layoffs, retirements, or resignations, often as a cost-saving or restructuring strategy.