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
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

You might be interested in
Need helpppp asapppp!
geniusboy [140]

Banks are for-profit, meaning they are either privately owned or publicly traded, while credit unions are nonprofit institutions. ... This means members generally get lower rates on loans, pay fewer (and lower) fees and earn higher APYs on savings products than bank customers.

hope this helped

5 0
3 years ago
transferable skills necessary for successful employment include a:basic skills b:thinking skills c:personal quality d: all of th
Ymorist [56]

The correct answer is D. All of the above

Explanation:

Skills that can be used in multiple jobs or contexts are known as transferable skills. This category of skill covers many types of skills including basic skills such as teamwork, communication or problem-solving; personal quality skills such as honesty, empathy, or ethics; and thinking skills such as making decisions or organizing information. Moreover, these are all transferable skills because it is likely an individual requires these skills despite his profession or role. For example, both a doctor and a secretary might face challenges that require them to make decisions (thinking skill), use ethics to make the best decision (personal quality), and communicate this decision to others (basic skill.)

5 0
3 years ago
Camila is a new employee at Dario Enterprises and is undergoing training. A senior employee from her team is assigned to mentor
Lapatulllka [165]

Answer:

C. On-the-job training

Explanation:

3 0
3 years ago
When a counteroffer is made, the offer is
Elina [12.6K]

Answer:

D- Terminated

Explanation

The original offer is terminated and a new offer is formed.

3 0
3 years ago
Sequential games are used to analyze
djverab [1.8K]

Answer:

Situations in which one firm acts and other firms respond.

Explanation:

Sequential game refers to a game in a game theory in which one person or firm acts and other person or firm respond to this action. In this type of game, if there are two firms then one of the firm have to act first which means that second firm have some of the information about the first firm before acting.

Otherwise, there will be no significance of difference in time on the strategic effect.

8 0
3 years ago
Other questions:
  • The transition to an information economy was characterized by ______.
    9·1 answer
  • Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $142,104. It will have
    10·1 answer
  • London Ceramics makes custom ceramic tiles. During March, the company started and finished Job #266. Job #266 consists of 2,500
    14·1 answer
  • What do many economists blame for the severity of the great depression?
    10·1 answer
  • Drag the tiles to the correct boxes to complete the pairs.
    12·1 answer
  • The main function of the Federal Reserve System is to:
    7·1 answer
  • The interest accrued on $7,500 at 6% for 90 days is: (Use 360 days a year.)
    14·2 answers
  • 100 point givaway
    10·1 answer
  • Question is down below, 80 points! :)
    14·1 answer
  • In project procurement management, obtaining seller responses, selecting sellers, and awarding contracts is part of the _____ pr
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!