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A company's Inventory balance at 12/31/13 was $188,900 and $201,000 at 12/31/12. Its Accounts Payable balance at 12/31/13 was $85,000 and $80,900 at 12/31/12, and
A company's Inventory balance at 12/31/13 was $188,900 and $201,000 at 12/31/12. Its Accounts Payable balance at 12/31/13 was $85,000 and $80,900 at 12/31/12, and its cost of goods sold for 2013 was $721,000. The company's total amount of cash payments for merchandise in 2013 equals: |
$704,800. | |
$729,000. | |
$713,000. | |
$721,000. | |
$737,200. |
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