Business, 12.08.2019 18:10 princeofpowerjr

Acompany's inventory balance at the end of the year was $188,000 and $200,000 at the beginning of the year. its accounts payable 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:
(a) $736,000.
(b) $728,000.
(c) $704,000.
(d) $720,000.
(e) $712,000.

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Acompany's inventory balance at the end of the year was $188,000 and $200,000 at the beginning of th...