Bean Manufacturing reported the following information for 2016:
Operating expenses are: Salaries, $100,000; Depreciation, $40,000; Rent, $20,000; Utilities, $28,000
-Operating expenses are paid during the month incurred.
-Accounts payable is used only for inventory acquisitions.
How much is the budgeted amount of cash to be paid for operating expenses in November?
A) $404,000
B) $148,000
C) $188,000
D) $444,000
Correct Answer:
Verified
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