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mash [69]
3 years ago
8

U Co. had cash purchases and payments on account during the current year totaling $455,000. U's beginning and ending accounts pa

yable balances for the year were $64,000 and $50,000, respectively. What amount represents U's accrual-basis purchases for the year?
Business
1 answer:
Troyanec [42]3 years ago
3 0

Answer:

$441,000

Explanation:

The U Co. accrual- basis purchases for the current year can be determined using the following mentioned formula:

Accrual basis purchases=ending accounts payable balance+Cash paid for purchases during the current year-opening accounts payable balance

Accrual basis purchases=$50,000+$455,000-$64,000=$441,000

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Answer:

13.28%

Explanation:

return on stockholders' equity = net income after taxes and preferred stock dividends / average stockholders' equity

  • net income = $1,429,000
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return on stockholders' equity = ($1,429,000 - $36,000) / $10,489,500 = 13.28%

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3 years ago
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Answer:

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3 years ago
Alvin Hughes has selected a selling technique in which he has more control over the amount of the conversation between buyer and
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Answer:

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Explanation:

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Answer: Attribution theory.

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3 years ago
Read 2 more answers
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