Assume the Following Information Was Available for the Current Year's

question 97

Multiple Choice

Assume the following information was available for the current year's operations of the shoe company founded by Blake Mycoskie,TOMS.Use these data to calculate the cash paid for merchandise.
$\begin{array}{|l|r|}\hline \text { Cost of goods sold } & \$ 226,000 \\\hline \text { Merchandise inventory, January 1 } & 54,800 \\\hline \text { Merchandise inventory, December 31 } & 57,400 \\\hline \text { Accounts payable, January 1 } & 54,400 \\\hline \text { Accounts payable, December 31 } & 59,800 \\\hline\end{array}$

• A) $218,000
• B) $223,200
• C) $220,000
• D) $228,800
• E) $234,000

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Definitions:

Lack Of Originality

The absence of newness, creativity, or innovation in ideas, processes, or products.

Nominal Group Technique

a structured method for group brainstorming that encourages contributions from all members and seeks to reduce domination by a single member.

Delphi Technique

Involves generating decision-making alternatives through a series of survey questionnaires.

Formal Retreat Approach

A strategic decision-making process to withdraw from certain activities, investments, or engagements to reallocate resources more efficiently.