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

Evaluate the role of environmental factors in shaping evolutionary outcomes.

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Definitions:

Forces Of Production

The means through which goods and services are produced in a society, including the labor, tools, and technology used.

Human Labour

The effort, physical or mental, that people contribute to the production of goods and services.

Means Of Production

The physical, non-human inputs like factories, machines, and tools used for the production of economic goods.

Human Behaviour

The range of behaviors exhibited by humans and which are influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and/or genetics.