Question

Bramble Corp. reports operating expenses of $91,000, excluding depreciation expense of $15,200 for 2022. During the year, prepaid expenses decreased $7,300 and accrued expenses payable increased $4,500. Compute the cash payments for operating expenses in 2022.

Answer 1

The cash payments for Bramble Corp. reports operating expenses is  $79,200

What is operating expenses?

Operating expenses refers to the costs incurred by a business for its operational activities.

Cash payments for operating expenses is computed as :

= Operating expenses - Prepaid expenses decreased - Accrued expenses payable increased

= $91,000 - $7,300 - $4,500

= $79,200

Hence, the cash payments for Bramble Corp. reports operating expenses is  $79,200

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