Answer: Cash payments made to suppliers were $307,000
Explanation:
In order to find cash paid to suppliers we start from the cost of goods sold, add any increase in inventory to it, subtract any decrease in inventory, add any decrease in accounts payable, subtract any increase in accounts payable.
So 282,000+20,000+5,000= 307,000
Answer:
Start keeping a budget
Explanation:
All of the financial guidance from experts won’t mean much if you don’t know where your money is going every month. Start tracking your spending and set up a budget using a simple spreadsheet or website apps.
The global economy of the 21st century can be summarized as: <span>an economic system that is more favorable for international business. Trade and imports are at an all time high, especially into the United States from places like China, Japan, and Hong Kong.</span>
Answer:
d. the country would rank low on the accounting values of conservatism
Explanation:
Gray's accounting framework postulates that the 4 accounting values of professionalism, conservatism, secrecy, and uniformity can be used to predict differences in accounting systems internationally.
Uncertainty avoidance is the degree to which cultures tolerate unpredictability.
Counties with high uncertainty avoidance are more conservative for example Japan.
While countries that have low uncertainty avoidance are less conservative. They are flexible to change and more willing to take risks.
Answer:
According to the Uniform Commercial Code's rule, when forms are not exchanged, acceptance cannot materially vary from the offer
Explanation:
Then UCC code was established because it was becoming increasingly difficult for companies to transact business across state lines given the various state laws.
The Uniform Commercial Code (UCC) is important since it helps companies in different states to transact with each other by providing a standard legal and contractual framework.
According to the Uniform Commercial Code's rule,
- Firm offers (offers to buy or sell goods and promising to keep the offer open for a period of time) are valid without only when it is signed by the offeror.
- An offer to buy goods for shipment invites acceptance by either prompt shipment or a prompt promise to ship.
Therefore, when forms are not exchanged, acceptance cannot materially vary from the offer.
