The Company's Activities for the Year Ended December 31, 2021

question 28

Multiple Choice

The Company's activities for the year ended December 31, 2021 included the following: • Income tax expense for the year was $30,000.
• Sales for the year were $650,000.
• Accounts payable decreased $10,000 in 2021.
• Selling and administration expenses for the year totaled $200,000.
• Accounts receivable increased $20,000 in 2021.
• The Company's cost of goods sold in 2021 was $325,000.
• The Company's inventory increased $15,000 during the year.
• Depreciation expense for the year was $13,000.
What is the net cash payments to suppliers under the direct method?

• A)$307,000
• B)$-315,000
• C)$320,000
• D)-$350,000

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Definitions:

Achievement-oriented

Describes individuals who are focused on setting and meeting goals, striving for success in their endeavors.

Instrumental and Expressive

Terms often used in sociology to differentiate roles; instrumental roles focus on task-oriented activities, while expressive roles pertain to emotional support and nurturing.

Gender Characteristics

The traits and behaviors society considers appropriate for men and women.

Sex Difference

The biological and physiological distinctions between males and females, often related to genetics, hormones, and reproductive organs.