RJB Made Inventory Purchases Amounting to $200,000 During 2014

question 100

Multiple Choice

RJB made inventory purchases amounting to $200,000 during 2014. During the year, its accounts payable (all of which arose from inventory purchases) increased by $20,000. The company had sales of $1,000,000 and is subject to a gross profit percentage of 90%. How much cash did RJB pay to its inventory suppliers during 2014?

• A) $120,000
• B) $180,000
• C) $320,000
• D) $220,000

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Definitions:

Trait Information

Information or data that pertains to specific characteristics, attributes, or aspects of an individual's personality that are stable over time and across situations, often used in the context of assessing leadership potential.

Managers

Individuals responsible for controlling or overseeing part or all of an organization, typically involved in planning, decision-making, organizing, leading, and managing resources.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and jealousy.

Conscientiousness

A personality trait characterized by high levels of thoughtfulness, good impulse control, and goal-directed behaviors.