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Bas_tet [7]
3 years ago
13

A review of Munchen Corporation's financial statements reveals the following information: cost of goods sold: $100,000; decrease

in inventory: $5,000; increase in accounts payable: $10,000. Cash paid to suppliers was _________.
Business
1 answer:
drek231 [11]3 years ago
8 0

Answer:

The Cash paid to suppliers was $85,000

Explanation:

Data provided in the question:

Cost of goods sold = $100,000

Decrease in inventory = $5,000

Increase in accounts payable = $10,000

Now,

Cash paid to suppliers will be

= Cost of goods sold - Decrease in inventory - Increase in accounts payable

= $100,000 - $5,000 - $10,000

= $85,000

Hence,

The Cash paid to suppliers was $85,000

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Answer:

C) formed a valid contract because Rachel's outward expressions showed the formation of a contract.

Explanation:

A valid contract is a binding and enforceable agreement, where all parties are legally bound to perform the contract.

Probably the most important part of a contract is the existence of an offer and acceptance. Once a valid offer is accepted, it binds the parties into a valid contract.

In this case, Rachel accepted Julius´s offer to buy her boat, so an offer and acceptance exists.

6 0
3 years ago
"A municipality has a tax rate of 18 mills. A piece of real property in the municipality is assessed at $180,000 and has a fair
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Answer:

$3,240

Explanation:

Calculation for the annual tax liability on the property

Using this formula

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Annual tax liability=( .018x180000)

Annual tax liability=$3,240

Therefore the annual tax liability on the property is $3,240

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3 years ago
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Andrew [12]

Answer:

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Lera25 [3.4K]

Answer:

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What is the maximum number of withdrawals per month for a money market account?
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The answer should be 6. Six
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