Colby Corporation Has Provided the Following Information: • Operating Revenues

question 82

Multiple Choice

Colby Corporation has provided the following information: • Operating revenues from customers were $199,700.
• Operating expenses for the store were $111,000.
• Interest expense was $9,200.
• Gain from sale of plant and equipment was $3,300.
• Dividend payments to Colby's stockholders were $7,700.
• Income tax expense was $36,000.
• Prepaid rent expense was $5,000.
What is the amount of Colby's total operating expenses?

• A)$111,000.
• B)$114,300.
• C)$116,000.
• D)$120,200.

Understand the importance of quality improvement and consumer protection in health care.

Recognize the role of complementary and alternative therapies in the health care system.

Understand the significance of information technology and evidence-based practice in improving health care quality.

Understand the impact of federal funding on health care projects and continuity of care.

---

Definitions:

Contribution Margin Ratio

A measure that indicates the percentage of each sales dollar that contributes to covering fixed costs and generating profit.

Target Profit

The amount of net income that a company aims to achieve within a specific time frame.

Fixed Expenses

Costs that remain constant for a given period of time regardless of the level of production or business activity.

Variable Expenses

Costs that vary directly and proportionally with the level of output or sales volume.