Use the Following Information About the Current Year's Operations of a Company

question 127

Multiple Choice

Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. $$\begin{array} { l |l } \text { Cost \& goods sold } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & \$ 735,000 \\\hline \text { Merchandise inventory. January } 1 \ldots \ldots \ldots \ldots \ldots \ldots & 84,700 \\\hline \text { Mer chandise inventory. December } 31 \ldots \ldots \ldots \ldots \ldots & 82,400 \\\hline \text { Accounts payable, January } 1 \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 54,500 \\\hline \text { Accounts payable, December } 31 \ldots \ldots \ldots \ldots \ldots \ldots & 60,200\end{array}$$

• A) $727,000.
• B) $726,300.
• C) $732,700.
• D) $737,700.
• E) $737,300.

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Definitions:

SBU

Strategic Business Unit, a subset of a business that operates as an independent entity within the organization, focusing on specific market segments.

Customer Loyalty

The likelihood of previous customers to continue buying from a specific retailer or brand over competing ones.

BCG Matrix

A strategic business tool designed by the Boston Consulting Group to help organizations analyze their business units or product lines based on growth and market share.

Limitations

Constraints or restrictions that affect the scope, effectiveness, or progress of a project, study, or business strategy.