During its first month of operations, Labrador Corporation provided $10,000 of services to it customers. Its costs included rent of $1,000 and salaries and wages totaling $3,000. At the end of the month, the board of directors approved a dividend of $500. What is the total amount of expenses incurred by the company during the month?

Question

Jamiya Madden

Business

10 September, 20:51

During its first month of operations, Labrador Corporation provided $10,000 of services to it customers. Its costs included rent of $1,000 and salaries and wages totaling $3,000. At the end of the month, the board of directors approved a dividend of $500. What is the total amount of expenses incurred by the company during the month?

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Answers (1)

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Briley · Answer 1

total amount of expenses is $4000

Explanation:

given data

provided = $10000

rent = $1000

wages = $3000

dividend = $500

to find out

total amount of expenses

solution

we here know that wages and rent is treated as an expenses and

we know dividend is like profit apportionment so it can not be expenses amount so

total amount will be express as

total amount = rent + wages ... 1

put here value in equation 1

we get total amount of expenses that is

total amount = 1000 + 3000

total amount = 4000

so total amount of expenses is $4000