Answer:
$38.0 millions
Explanation:
Cash paid to suppliers of merchandise = Cost of Goods Sold + Increase in inventory - Increase in accounts payable
Therefore, we have:
Cash paid to suppliers of merchandise = $40.0 millions + $4.5 millions - $6.5 millions = $38.0 millions
<span>B. A felt layer underneath the tablecloth i hope this help you</span>
The field research is type of research that collects <span>data outside of an experimental setting (in natural settings) and </span>tends to ensure the observations are more valid. <span>
There are 2 different methods for obtaining data in field research, asking questions and </span>making direct observation. The direct observation are made in natural settings or environment.
Explanation:
The adjusting entry is as follows
Accrued interest expense Dr $124
To Interest payable $124
(Being the accrued interest expense is recorded)
The computation is shown below:
= Borrowed amount × interest rate × given months ÷ total number of months in a year
= $6,200 × 12% × 2 months ÷ 12 months
= $124
Answer: Answers are:<u> Imperfect information; excess supply; higher quantity.</u>
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Explanation: <u>Imperfect information</u> can lead to a situation where, even if sellers are faced with a situation of <u>excess supply</u>, they will decide not to cut prices for awhile because they know that buyers in this situation will not react by purchasing a <u>higher quantity.</u>
