Based on the following information provided about a company's operations,calculate its cost of goods purchased and its cash paid for merchandise.
Definitions:
Credit Cards
Financial tools issued by banks that allow users to borrow funds within a pre-approved limit for purchases or cash advances, with the expectation of repayment with interest.
Debit Cards
A payment card that deducts money directly from a consumer’s checking account to pay for a purchase.
Large Denomination
Refers to currency notes or bonds that are issued in high face values, often preferred by investors seeking to transfer or store large amounts of value.
Time Deposits
Bank deposits that are held for a fixed term or period of time, typically offering higher interest rates than savings accounts.
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