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
S_A_V [24]
3 years ago
15

A company's Inventory balance at the end of the year was $188,000 and $200,000 at the beginning of the year. Its Accounts Payabl

e balance at the end of the year was $84,000 and $80,000 at the beginning of the year, and its cost of goods sold for the year was $720,000. The company's total amount of cash payments for merchandise during the year equals:
(A) $736,000.
(B) $728,000.
(C) $704,000.
(D) $720,000.
(E) $712,000.
Business
1 answer:
Oduvanchick [21]3 years ago
5 0

Answer:

The correct option is C. $704,000

Explanation:

The computation of total cash payments is shown below:

= Cost of goods sold - net effect of inventory balance - net effect of accounts payable balance

where,

Net effect of inventory balance = Opening inventory balance - Ending inventory balance

= $200,000 - $188,000

= $12,000

Net effect of inventory balance = Ending accounts payable balance - opening accounts payable balance

= $84,000 - $80,000

= 4,000

So, the cash payment is equals to

= $720,000 - $12,000 - $4,000

= $704,000

Hence, the correct option is C. $704,000

You might be interested in
An overgrown lawn is manicured by mowing it with a lawn mower is an example of
Marta_Voda [28]

An overgrown lawn is manicured by mowing it with a lawn mower is an example of physical change. Physical change is a change that affects the physical form of the substance or environment but not its chemical composition. In this example, the lawn is manicured by mowing it, so the physical form would be changed. But, the chemical composition of the lawn was maintained and was not change. So,<span> this is clearly a physical change.</span> 

<span> </span>

4 0
3 years ago
Loughry Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The
Andreyy89

Answer:

The correct option is D. $7,124

Explanation:

To compute the catering supplies amount, the following items need to be considered. along with this, the computation is also shown:

= Catering supplies + Job cost + meal cost

where,

Catering supplies are $530 per month

Job cost = Per job cost × expected number of jobs

              = $114 × 25 jobs

               = $2,850

Meal cost =  Per meal cost × expected number of meals

                 = $16 × 234 meals

                 = $3,744

Now put these values to the above formula

So, the answer would be equal to

= $530 + $2,850 + $3,744

= $7,124

The actual activity is not consider. Thus, it is ignored.

Hence, The catering supplies in the flexible budget for October would be closest to $7,124

Therefore, the correct option is D. $7,124

5 0
3 years ago
During the ________ era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising a
Vilka [71]
Hello There!

<span>During the selling era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising and selling.</span>

Hope This Helps You!
Good Luck :) 

- Hannah ❤
8 0
3 years ago
Each extra worker produces an extra unit of output up to six workers. After six, no additional output is produced. Draw the tota
Dmitry_Shevchenko [17]

Answer:

attached is the diagram

Explanation:

Each extra worker produces an extra unit of output, is said to be the marginal production of an extra worker employed

marginal production  :

change in total production / change in labor = ΔTp / ΔL

Average production = Tp / L

Tp = total production ,  L = number of labor

To draw the Total product of labor , average product labor and marginal product labor curves starting from zero labor

0 worker : Total product = 0, average product labor = 0 , marginal = 0

1 worker : Total product = 1, average product = 1 , marginal = 0

2 worker : Total product = 2, average product = 1, marginal = 1

3 workers: total product = 3 average product = 1, marginal = 1

4 workers: Total product = 4, average product = 1, marginal = 1

5 workers : Total product = 5 average product = 1, marginal = 1

6 workers : total product = 6 average product = 1 , marginal = 1

7 workers : total product = 7 , average product = 0.85, marginal = 0

8 workers : total product = 8, average product = 0.75 marginal = 0

7 0
3 years ago
Because of limited liability, individuals are more willing to invest in corporations than in other forms of business.
Helen [10]
The answer to this question is TRUE
7 0
3 years ago
Other questions:
  • to have demand, what must you have a) a desire for the item. b) the ability to pay for the item. c) the desire and the ability t
    11·1 answer
  • Markham Publishing is known for its consultative buying center culture. Recognizing this corporate culture, someone attempting t
    13·1 answer
  • On December​ 31, Year​ 10, Brown Company changed its inventory valuation method from the​ weighted-average method to FIFO for fi
    9·1 answer
  • Joshua wants to set certain mid-term goals for himself. What kind of time frame would his goals need to qualify as mid-term goal
    11·2 answers
  • When people conduct business without regard for government controls on price or quantity is called a black market. Please select
    15·1 answer
  • Denise Company manufactures three products from a joint process. Joint costs for the year amounted to​ $250,000. The following d
    14·1 answer
  • Tina is a real estate broker who has been asked to sell a property by a client. The property is exactly what she has wanted for
    13·1 answer
  • Asian Lamp Company manufactures lamps. The estimated number of lamp sales for the last three months for the current year are as
    8·1 answer
  • Jenae's study ignored the fact that only some of her coffee choices had caffeine, even though her co-workers preferred caffeinat
    6·1 answer
  • an architectural design company just won the bid for a huge project. to ensure that everyone does the right work at the right ti
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!