A company's Inventory balance at the end of the year was $201,500 and $215,000 at at the beginning of the year. Its Accounts Payable balance at the end of the year was $99,000 and $93,500 at the beginning of the year, and its cost of goods sold for the year was $735,000. The company's total amount of cash payments for merchandise during the year equals:

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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answer; commerce clearing house;