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could someone explain this plz Question 11 (1 point) Geographic Enterprise's Inventory account decreased by $37,500 and its Accounts Payable account (which relates solely to
could someone explain this plz
Question 11 (1 point) Geographic Enterprise's Inventory account decreased by $37,500 and its Accounts Payable account (which relates solely to the purchase of merchandise) decreased by $13,750 during the year. Geographic also reported sales of $856,000 and cost of goods sold of $590,600 during the same period. The company always purchases inventory on account during the year. What is the amount of Geographic's cash payments to its suppliers for inventory during the year? For your answer, make sure to put the number without dollar signs ($), commas (,), periods (.), and decimal points. Again, please state the number only without dollar signs, commas, periods, and decimal points for your answer. For example, if the answer happens to be 12345, then you must simply put 12345Step by Step Solution
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