Hable Company provided details on various expenses including advertising, interest, rent, loss on property and equipment, cost of goods sold, depreciation, and prepaid insurance. The operating expenses included advertising of $9,700, rent of $18,000, cost of goods sold of $23,100, and depreciation of $8,900 for a total operating expenses of $59,700.

1. The following information has been provided by Hable Company: Advertising expense $9,700;
Interest expense $4,700; Rent expense $18,000; Loss on sale of property and equipment $7,500;
Cost of goods sold $23,100; Depreciation expense $8,900; Prepaid insurance expense $1,700.
How much were Hable's operating expenses? $71,900 $59,700 $64,400 $50,800
Solution
Operating Expenses of Hable`s Company are:- AdvertisinExpenses 9700 Rent Expenses 18000
Cost of Goods sold 23100 Depreciation Expenses 8900 Total Operating expenses 59700 The
correct answer is B. $ 59700 Operating Expenses of Hable`s Company are:- AdvertisinExpenses
9700 Rent Expenses 18000 Cost of Goods sold 23100 Depreciation Expenses 8900 Total
Operating expenses 59700 The correct answer is B. $ 59700