1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nady [450]
2 years ago
11

Inferring Transactions from Financial Statements

Business
1 answer:
denpristay [2]2 years ago
6 0

Gap's cost of goods sold is $10,258 million and Cash paid to supplier is $10,447 million.

Let understand that Cost of good sold refers to amount of expenses incurred to produce the goods produced by a firm.

  • The formulae for deriving the Cost of Goods Sold is {Beginning Inventories + Purchases – Ending Inventories}.

  • Information given are <em>Purchased inventories $10,392, Ending inventories $2,131 and Beginning inventories $1,997</em>

<em />

Cost of goods sold = $1,997 + $10,392 - $2,131

Cost of goods sold = $10,258

  • In conclusion, the amount of Gap's cost of goods sold is $10,258

Let understand that Cash paid to accounts payable refers to net amount paid to supplier of goods.

  • The formulae for deriving the Cash paid to accounts payable is  Beginning balance for 2015 + Purchases - Ending balance for 2015

Cash paid to accounts payable = $1,181 + $10,392 - $1,126

Cash paid to accounts payable = $10,447

  • In conclusion, the amount of Gap's Cash paid to supplier is $10,447

Learn from similar solution here

<em>brainly.com/question/16805564</em>

You might be interested in
FAS 13 sets forth four criteria for determining whether or not a lease must be classified as a capital lease. How many of these
storchak [24]

Answer:

xszxszxs

Explanation:

xsxzxszxsz

4 0
3 years ago
Which approach to research is based on observing people in their own homes or​ communities?
BlackZzzverrR [31]

Ethnography is an approach in research, where the subjects are observed in their homes and/or communities.

  • Ethnography is a mode of research that is largely used in the fields of Anthropology and Sociology.
  • It is a method, wherein, the subjects of the study are not enclosed within an artificial environment, or otherwise known as a laboratory.
  • They are studied by being observed in the environment they originate from or belong to.
  • This method is specifically useful, while studying various cultures.
  • It helps control the unwanted effects of being introduced in a new environment, which could alter the behavior of the subjects of the study.

Therefore, it is clear that Ethnography is the approach in research, where the subjects are observed in their homes and/or communities.

Learn more about Ethnography here:

brainly.com/question/25575567

#SPJ10

6 0
1 year ago
Alexander has been accepted as a freshman at a college two hundred miles from his home for the fall semester. Alexander's wealth
irga5000 [103]

Answer:

Yes.  

Alexander is an intended third party beneficiary of the contract between Michael and Jackson Auto Sales.

Explanation:

In the law of contracts, Alexander becomes a third-party beneficiary of the contract between Michael and Jackson Auto Sales, and he has the right to sue in the contract notwithstanding that he was not an active party to the contract.  Some of the factors that may be present to show that a Alexander is an intended beneficiary are: (1) the contract's performance is rendered directly to Alexander; (2) Alexander has rights to control the details of the performance; or (3) there is an express designation in the contract, e.g. the title to the car is in Alexander's name.

3 0
2 years ago
Not heading back to school due to high
WITCHER [35]

Answer:

The answer is D, hope this helped!

Explanation:

The answer is D because its a realistic thing to have bills and sometimes you have to take risks or youll have nothing. <3

3 0
3 years ago
Would you rather ride in an airplane or drive in a car? Compare those risks?
gogolik [260]
I would fly a plane because there is like 1 in a million chance of crashing and in a car you could crash every time you see someone driving !! i need points!!

4 0
3 years ago
Other questions:
  • Alexandra is maximizing her utility over goods x and y subject to her budget constraint. Her preferences are smooth (maximizers
    6·1 answer
  • When output increase, the PPC of the economy
    6·1 answer
  • A _________ approach actually schedules, in detail, each resource using the setup and runtime required for each order.
    14·1 answer
  • Air used for cleaning should be regulated to ____ psi unless equipped with OSHA-compliant diffuser nozzles.
    11·1 answer
  • On january 1 of 2015, parson freight company issues 7%, 10-year bonds with a par value of $2,000,000. the bonds pay interest sem
    7·1 answer
  • You are starting the four-year college education today, and you are worried if you have enough money in your account for tuition
    10·1 answer
  • The cost of beginning work in process inventory plus the costs added to production during the period equals the _______. cost of
    9·1 answer
  • Any excess of cost over fair value was attirbuted to goodwill, which has not been impaired. Emery Co. reported net income of $40
    15·1 answer
  • A 65-year old widow that is in a low tax bracket and that has a low risk tolerance wishes to make an investment that will provid
    15·1 answer
  • Summarize these two up-and-coming leadership positions in digital media: digital media supervisor and chief digital officer (CDO
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!