Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year:What are total operating expenses

The answer is "$38000"

Explanation:

Please find the complete question in the attachment file.

                                      Clip of the paper  

                                   Statement of income  

Income Revenues    164000

Less: goods sale cost 93000

Significant Benefit   71000

Expenditure for operation:  

Committee for sales     10000

Shop rental              13500

Shop utilities            9500

Operating costs Gross            33000

Operating revenue                38000      

Costs of products sold calculation:  

Investment (January 1)       27000

Goods Bought                 89000

Total sub                    116000

Reference: Inventory ( December 31 ) 23000  

Goods sold at discount   93000

answer; the correct answer is (direct foreign investment);