Galaxy Interiors income statement shows depreciation of $1,644, sales of $21,415, interest paid of $1,282, net income of $1,374, and costs of goods sold of $16,408. What is the amount of the noncash expenses

the non cash expenses will be the depreciation of 1,644

Explanation:

The depreication is an accounting concept for the applpication of the matching principles when the company acquires a long-term asset It usually pays the entire amount in the first or first period but, it will be used for a longer period of time. If all the cost is applied as expense then the start-up companies will ahve net losses during the first year pretty much all the time.

Therefore, the accounting creates the depreciation to spread the cost over a longer period of time and not charged entirely into one period.

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.