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
Answer:
How come this is a question if you have the answer
Answer:
Collective and serial
Explanation:
Collective experience refers to a type of experience that happened to all members of a certain social group. (In the case above, ALL new employees have to attended the full-day session).
Serial experiences to a form of similar experiences that happened through an extended period of time. (When we see the excerpt above notice how The event is being done once a week for the next two months)
YES, financial institutions can keep borrowers from engaging in risky activities, even though there are no written restrictive covenant between the bank and the borrowers. The bank can do this by warning the borrowers that they will not be considered for future loans if the the present loan is not well managed.
