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Serjik [45]
3 years ago
11

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:
Business
1 answer:
Aloiza [94]3 years ago
7 0

Answer:

$704,000

Explanation:

As we know that

Costs of goods sold = Beginning inventory + purchase made - ending inventory

$720,000 = $200,000 + purchase made - $188,000

So, the purchase would be

= $708,000

Now the cash payment would be

= Beginning balance of accounts payable + purchase - ending balance of accounts payable

= $80,000 + $708,000 - $84,000

= $704,000

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Answer:

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EXAMPLE ATTACHED

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Consider the following two separate events for a company during the year: 1. Loss on sale of investments = $30. 2. Unrealized ga
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Answer:

A.) Net income = $(30); Comprehensive income = $(10).

Explanation:

First, the multiple choices to the question

A.) Net income = $(30); Comprehensive income = $(10).

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7 0
3 years ago
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Answer:

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Explanation:

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3 years ago
individuals in different segments should have ______ within the segment and ______ across the segments.
pochemuha

Answer:

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Explanation:

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Answer:

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