The Merchandise Inventory for Year 1 Was $100,000 and for Year

question 29

Multiple Choice

The Merchandise Inventory for Year 1 was $100,000 and for Year 2 was $94,000.The Accounts Payable account for Year 1 was $40,000 and for Year 2 was $42,000.Cost of goods sold for Year 2 was $460,000.What was the total amount for cash payments for merchandise for Year 2?

• A)$448,000
• B)$449,000
• C)$452,000
• D)$456,000
• E)$84,000

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Definitions:

Least Preferred Coworker

A concept used to measure a leader's or potential leader's task orientation or relationship orientation based on their evaluation of the person with whom they least enjoyed working.

Task-Orientated

Focused on completing certain tasks or objectives, often with a direct approach that prioritizes work and accomplishments.

Relationship-Orientated

An approach focusing on building and maintaining strong interpersonal connections within teams or organizations.

Blake Mouton Grid

A leadership model that evaluates managerial behavior based on concern for people and concern for production, mapping leadership styles in a grid.