Use the Information Below to Answer the Following Question(s)

question 77

Multiple Choice

Use the information below to answer the following question(s) .
Summerville Company sells office supplies. The following information summarizes the company's operating activities for the year:

-What is total operating expense at Summerville Company?

• A) $20,000
• B) $19,000
• C) $31,000
• D) $23,000

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Definitions:

Principal P

The initial amount of money on which interest is calculated in financial transactions.

Rounded

The process of adjusting a number to a nearby specified value, usually to a specified number of significant digits or decimal places.

11%

A percentage representing eleven parts out of a hundred.

Property Value

Typically refers to the monetary worth of a real estate property, established for the purpose of taxation or sales.