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asambeis [7]
3 years ago
12

Pepper Company reports a $120,000 increase in inventory and a $40,000 increase in accounts payable during the year. Cost of Good

s Sold for the year was $1,200,000. The cash payments made to suppliers were:
Business
1 answer:
True [87]3 years ago
4 0

Answer:

The cash payments made to suppliers were $1,280,000

Explanation:

Cash Payment made to the supplier can be calculated using the following formula

Cash Payment made to suppliers = Cost of Goods Sold + Increase in Inventory - Increase in account payable

By Placing values in the formula

Cash Payment made to suppliers = $1,200,000 + $120,000 - $40,000

ash Payment made to suppliers = $1,280,000

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Answer:

Vision

Explanation:

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tiny-mole [99]

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7 0
8 months ago
Delta Insurers typically affirms or denies claims within 120 days after it receives proof of loss statements. Which statement is
laiz [17]

Answer:

Statement A

Explanation:

The 2 statements are:

A: The firm Delta Insurers typically affirms claims within 120 days after it receives proof of loss statements

B: The firm Delta Insurers typically denies claims within 120 days after it receives proof of loss statements

The explanation for this is:

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- An insurance company holds funds for their customers; to be released when the customer is less privileged or in a bad situation, depending on the type of insurance made

- There is car insurance, house insurance, life assurance, etcetera.

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3 years ago
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vivado [14]

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A. True

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7 0
3 years ago
Why are high-tax-bracket investors more inclined to invest in municipal bonds than are low-bracket investors?
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