Data Solutions Reports Operating Expenses of $5 Million

question 81

Multiple Choice

Data Solutions reports operating expenses of $5 million.Operating expenses include rent expense.Prepaid rent at the beginning and end of the year are $120,000 and $80,000,respectively.All other operating expenses were paid in cash as incurred.What is the amount of cash paid for operating expenses?

• A)$5,000,000.
• B)$5,040,000.
• C)$4,960,000.

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Definitions:

Hidden Area

Parts or aspects of something, especially information or physical spaces, that are not immediately obvious or accessible.

Scientific Management

Approach to work that focuses on the application of scientific methods to increase individual workers’ productivity.

Frederick Taylor

An American mechanical engineer who sought to improve industrial efficiency and is known as the father of scientific management.

Worker's Productivity

The efficiency and effectiveness with which an employee performs tasks, contributing to the goals and success of an organization.