Carter Company Reports the Following If Cost of Goods Sold for the Year Is $230,000

question 60

Multiple Choice

Carter Company reports the following: $\begin{array}{lcc} & \text { End of Year } & \text { Beginning of Year } \\\text { Inventory }& \$ 25,000 & \$ 40,000 \\\text { Accounts Payable } & 30,000 & 10,000\end{array}$ If cost of goods sold for the year is $230,000, the amount of cash paid to suppliers is

• A) $235,000.
• B) $225,000.
• C) $195,000.
• D) $265,000.

---

Definitions:

Relevant Information

Data or facts that are pertinent to a decision-making process or that affect the outcome of a situation.

Incentive Compensation

A type of reward given to employees for meeting certain performance goals or objectives.

Performance Measures

Metrics or indicators used to assess, track, and communicate the efficiency, effectiveness, and productivity of an individual, organization, or system.

Incentive Contracts

Agreements designed to motivate individuals or parties by offering rewards that are directly linked to their performance or achievements.