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The financial statements of New World, Incorporated, provide the following information for the current year: December 31 January 1 Accounts receivable $ 276,000 $ 271,500
The financial statements of New World, Incorporated, provide the following information for the current year:
December 31 | January 1 | |
---|---|---|
Accounts receivable | $ 276,000 | $ 271,500 |
Inventory | $ 266,250 | $ 255,000 |
Prepaid expenses | $ 68,400 | $ 64,500 |
Accounts payable (for merchandise) | $ 241,800 | $ 227,550 |
Accrued expenses payable | $ 66,150 | $ 73,950 |
Net sales | $ 3,112,500 | |
Cost of goods sold | $ 1,636,500 | |
Operating expenses (including depreciation of $52,000) | $ 370,500 |
What is the amount of New World's cash payments for operating expenses during the current year?
Question 10 options:
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$326,300
|
|
$330,200
|
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$382,200
|
|
$322,400
|
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