Merchandise Inventory Increased $28,000 and Accounts Payable Decreased $19,600 During

question 129

Multiple Choice

Merchandise Inventory increased $28,000 and Accounts Payable decreased $19,600 during the year.Accounts Payable relates only to the acquisition of merchandise inventory.Sales were $796,000 and Cost of Goods Sold was $549,700.Compute the payment made to the suppliers.

• A)$577,700
• B)$569,300
• C)$597,300
• D)$47,600

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Definitions:

Tolerance

The ability or willingness to tolerate the existence of opinions or behavior that one does not necessarily agree with.

Psychological Dependence

A condition characterized by an emotional or mental need for a particular substance or behavior, despite potential harmful consequences.

Desired Effect

The intended or expected outcome of an action, medication, or intervention.

Withdrawal

The act of removing oneself from a situation or substance dependency, often leading to physical or psychological symptoms.