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Business, 24.04.2020 19:32 badboy502503

A company's Inventory balance at the end of the year was $197,000 and $210,000 at at the beginning of the year. Its Accounts Payable balance at the end of the year was $94,000 and $89,000 at the beginning of the year, and its cost of goods sold for the year was $730,000.

The company's total amount of cash payments for merchandise during the year equals:

a. 712,000
b.748,000
c. 738,000
d. 730,000
e. 722,000

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Answers: 3

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