The accounts payable balance at the beginning of the year was $85,000. The company purchased $380,000 worth of goods on account, and the ending balance of the payables account was $70,000.What were the total payments on account?
A. $535,000
B. $450,000
C. $395,000
D. $465,000
Answer: C
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Sometimes a rise of only 10 percent in consumer demand can cause as much as a 200 percent rise in business demand for products for the next period. This is an example of ________
A) inelastic demand B) direct purchasing C) fluctuating demand D) derived demand E) a straight rebuy
Which of the following is a means of securing documents in the other party's possession that are relevant to the issues of the case?
a. interrogatory b. request for admission c. subpoena d. production request
On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $215,000 with an accumulated depreciation of $185,000. Depreciation has been taken up to the end of the year. Strike found a company that is willing to buy the equipment for $55,000. What is the amount of the gain or loss on this transaction?
A) Cannot be determined B) No gain or loss C) Gain of $25,000 D) Gain of $55,000
The Employee Free Choice Act would increase penalties to employers who violate the NLRA and change voting procedures so that simply showing a majority of signed authorization cards would be enough to certify the union.
Answer the following statement true (T) or false (F)