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Elementary,Middle School,High School,College,University,PHD
Teaching Since: | May 2017 |
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Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
CASH PAID FOR OPERATING EXPENSES
Using the following information, compute cash collected from customers.
 |  |
Sales | $10,000 |
Cost of goods sold | $ 5,300 |
Operating expenses | $ 3,800 |
 |  |
Â
 | End of Year | Beginning of Year |
Prepaid operating expenses | $1,000 | $ 700 |
Accounts payable | $1,350 | $1,200 |
Inventory | $2,500 | $2,100 |
Accounts receivable | $1,400 | $1,375 |
 |  |  |
Compute cash paid for operating expenses.
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