Wireless Solutions reports operating expenses of $955,000. Operating expenses include both rent expense and salaries expense. Prepaid rent increases during the year by $27,000 and salaries payable increases by $18,500. What is the cash paid for operating expenses during the year

$963,500

Explanation:

Given the that:

Operating expenses = $955,000

Prepaid rent increase = $27,000

Salaries payable increase = $18,500

Then, Cash paid for operating expenses during the year is computed by;

= Operating expenses + Prepaid rent increase - Salaries payable increase

= $955,000 + $27,000 - $18,500

= $963,500

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.