Organic Gardening Ltd. had operating expenses of $968,000 during 2017. Accrued liabilities at the beginning of the
Question:
Organic Gardening Ltd. had operating expenses of $968,000 during 2017. Accrued liabilities at the beginning of the year were $27,000, and were $36,000 at the end of the year. Assuming all debits and credits to accrued liabilities are related to operating expenses, what was the total cash paid for operating expenses during 2017?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
27000 9680...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9781259087363
15th Canadian Edition
Authors: Kermit Larson, Heidi Dieckmann
Question Posted:
Students also viewed these Business questions
-
Organic Gardening Ltd. had operating expenses of $968,000 during 2020. Accrued liabilities at the beginning of the year were $27,000, and were $36,000 at the end of the year. Assuming all debits and...
-
The Far North Centre (the Centre) is an anti-poverty organization funded by contributions from governments and the general public. For a number of years it has been run by a small group of permanent...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Make a comparison of the following insurance coverage premium bids and determine from a costing standpoint, which offer is better. Show your calculations: Assume that you, as a risk manager would...
-
What are the four major elements of the broad definition of assurance services?
-
Donegal Footwear is an international supplier of outdoor Q footwear for adventurous families. Currently, the company uses a logistical provider to provide warehouse services and handle packages...
-
Show that after nearly all of the positrons were annihilated and the electron number density had nearly leveled off at the proton density, the ratio of the positron number density to the photon...
-
On January 1, 2014, Richard Corporation had retained earnings of $550,000. During the year, Richard had the following selected transactions. 1. Declared cash dividends $96,000. 2. Corrected...
-
Discuss why people often resist new ideas such as the Relational Model in Business Logic ?
-
On February 1, 2017, Snappy Printing Inc. purchased 4% Telus bonds with a face value of $5,000 at 98 as a non-strategic investment. Interest is paid quarterly beginning May 1, 2017. The bonds mature...
-
On January 2, 2017, Nassau Travel Corp. paid $500,000 cash to acquire 10,000 of Suffolk Corporations 40,000 outstanding common shares. Assume that Nassau has significant influence over Suffolk as a...
-
What are the three levels of a productand the value added at each levelthat marketers must consider as they develop products (bundles of benefits that satisfy consumer needs)? Provide an example of...
-
After determining that their product can be adapted to foreign markets, what should Darwin Corp. do next in their planning process for conducting international business?
-
Let ( x ) = Min ( 3 x - 1 0 , - 5 x + 5 ) for 0 < = x < = 5 . Then is a unimodal max function. Is the statement true. Explain
-
After decades of allowing only 15 liquor licenses, the zoning board of Sea Isle City, New Jersey decided to issue 5 additional permits in 2022, and 5 new bars are planning to open in the summer of...
-
Each group will identify a specific public firm (or a part of one) and an industry where the firm does its business. Then, acting as a consulting team, you will provide an industry and strategy...
-
DECEMBER 31, 2020 Price (RM) Shares Stock A 30 Stock B 80 Stock C 50 a) b) c) DECEMBER 31, 2021 Price (RM) Shares outstanding 100,000,000 32 4,000,000 45 20,000,000 52 outstanding 150,000,000...
-
What is the difference between a prime loan and a subprime loan?
-
What are the three kinds of research types? Explain each type.
-
On January 1, 2023, Ultra Green Packaging purchased a used machine for $156,000. The next day, it was repaired at a cost of $4,068 and mounted on a new platform that cost $5,760. Management estimated...
-
Endblast Productions showed the following selected asset balances on December 31, 2023: Land ........................................................................... $396,800 Building...
-
La Mancha Enterprises completed all of its March 31, 2023, adjustments in preparation for compiling its financial statements, which resulted in the following trial balance. Other information:1. All...
-
Mass Media Law and Ethics. Ignorance of the law should never be excused. The first Amendment was written in a time where communication was face-to-face or written in a letter. The forefathers could...
-
2 small breifing of media law case studies of malaysia ?
-
Case Study Analysis Report on ( choose one media law ) in a country outside of Malaysia Instructions: 1. Choose ONE media law in in that country 2. Write a case study analysis on the law 3. How was...
Study smarter with the SolutionInn App