dooling corporation reported balances in the following accounts for the current year: beginning ending inventories $ 620 $ 320 accounts payable 330 530 cost of goods sold was $7,500. what was the amount of cash paid to suppliers?

Answers

Answer 1

The amount of cash paid to suppliers by the Dooling Corporation during the current year is $7,300.

In order to determine the amount of cash paid to suppliers, we need to analyze the changes in the beginning and ending inventories as well as the accounts payable. By examining these figures, we can calculate the net change in accounts payable, which represents the amount of cash paid to suppliers.

To calculate the amount of cash paid to suppliers, we need to consider the changes in the beginning and ending inventories, as well as the accounts payable.

The formula to calculate the net change in accounts payable is:

Net Change in Accounts Payable = Ending Accounts Payable - Beginning Accounts Payable

Now, let's substitute the given values into the formula:

Beginning Accounts Payable = $330

Ending Accounts Payable = $530

Net Change in Accounts Payable

= $530 - $330

= $200

The net change in accounts payable represents the increase or decrease in the amount owed to suppliers during the year. A positive value indicates an increase, while a negative value represents a decrease. In this case, we have a positive net change of $200, which means the accounts payable increased by $200 during the year.

To find the amount of cash paid to suppliers, we can subtract the net change in accounts payable from the cost of goods sold. The formula is:

Cash Paid to Suppliers = Cost of Goods Sold - Net Change in Accounts Payable

Substituting the given value for the cost of goods sold:

Cost of Goods Sold = $7,500

Cash Paid to Suppliers

= $7,500 - $200

= $7,300

Therefore, the amount of cash paid to suppliers by the Dooling Corporation during the current year is $7,300.

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Related Questions

During which part of the Product Life Cycle would a company use a profit-oriented pricing strategy?

Answers

The lifespan of a product depicts how long it remains on the market, from the moment it is first introduced to consumers until it is phased out and taken off the shelves.

What is the maturity stage of the product life cycle?

Sales declined during the mature period, a sign that the market has started to become saturated. During this phase of the product life cycle, the price also starts to become competitive. The profit margins become slimmer as a result.

In most life-cycle situations, profits normally reach their greatest level during the early growth stages, but sales often reach their peak during the mature stages.

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The accounting equation can be stated as

A. Expenses = Liabilities - Owner's Equity

B. Assets - Liabilities = Owner's Equity

C. Liabilities = Revenue + Owner's Equity

D. Owner's Equity = Assets + Liabilities.

Answers

Answer:

Explanation:

The principle of subordination of individual interests to general interests states that the goal of the team are more ______ than goals of individual workers
Important

Answers

The principle of subordination of individual interests to general interests states that the goals of the team are more important than the goals of individual workers.

In a team setting, this principle emphasizes the importance of working together towards a common goal, rather than focusing on personal objectives. To ensure the success of the team, each member must prioritize the team's objectives over their own interests.

This fosters a collaborative environment and encourages cooperation, leading to increased efficiency and productivity. Steps to apply this principle include setting clear team goals, promoting open communication, and recognizing individual contributions towards the team's success.

By aligning personal objectives with team goals, team members can achieve a balance between their individual interests and the overall goals of the group.

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Rosie’s Grill has a beta of 1,2, a share price of R26 and an expected annual dividend of R1,30 a share which is to be paid next month. The dividend growth rate is 4 %. The market has a 10 % rate of return and a risk premium of 6 %. What is the average expected cost of equity for Rosie’s Grill?

Answers

The average expected cost of equity is 11.2%.

To calculate the average expected cost of equity for Rosie's Grill, we need to use the Capital Asset Pricing Model (CAPM). CAPM is a model that calculates the expected return on investment based on the risk-free rate, market risk premium, and beta of the asset.

Using the given information, the risk-free rate is not provided, so we can assume it to be 4%, the current market risk premium is 6%, and the beta of Rosie's Grill is 1.2.

The formula for CAPM is:
Expected return on equity = Risk-free rate + Beta x (Market risk premium)

Expected return on equity = 4% + 1.2 x 6% = 11.2%

Therefore, the average expected cost of equity for Rosie's Grill is 11.2%. This means that investors require an 11.2% return on their investment in Rosie's Grill to compensate for the risk associated with the investment.

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PLEASE HELP!!!
Money going out of a business is called _BLANK_.

A. income
B. expenses

Answers

Answer:

Expenses

Explanation:

explain six Differences between private and public company

Answers

Question:

•explain six Differences between private and public company.

Answer:

•In most cases, a private company is owned by the company's founders, management, or a group of private investors. A public company is a company that has sold all or a portion of itself to the public via an initial public offering.

Explanation:

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Which of the following items should be included in pension expense calculated by an employer who sponsors a defined-benefit pension plan for its employees?
Amortization of
Fair value prior
of plan assets service cost
a. Yes Yes
b. Yes No
c. No Yes
d. No No

Answers

The correct answer is: a. Yes, Yes both the amortization of prior service cost and the fair value of plan assets should be included in the pension expense calculated by the employer.

Both items should be included in the pension expense calculated by an employer who sponsors a defined-benefit pension plan for its employees. Amortization of prior service cost: Prior service cost represents the cost associated with changes made to a defined-benefit pension plan that affects past service. This cost is amortized over the expected remaining service lives of the employees, and therefore, it should be included in the pension expense calculation.

Fair value of plan assets: The fair value of plan assets represents the current value of the assets held by the pension plan. This value is used to determine the return on plan assets, which is a component of the overall pension expense.

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Select all that apply.
Select all reasons data mining is important to businesses.
It cuts costs.
It identifies long-term goals.
It solves problems.
It increases profits.

Answers

It cuts cost

I sole’s problems increase profits

Answer:

a,c,d

Explanation:

The matching concept most significantly influences which financial statement? Balance sheet Statement of cash flows Statement of changes in stockholders' equity Income statement

Answers

The matching concept most significantly influences the Income statement. The matching concept is an accounting principle that requires expenses to be recognized in the same period as the revenues they help generate.

It ensures that the recognition of revenues and related expenses is aligned to provide an accurate representation of an organization's financial performance during a specific period.

The matching concept is primarily associated with the Income statement, also known as the Profit and Loss statement or Statement of Earnings. This financial statement summarizes the revenues, expenses, gains, and losses incurred by a company during a specific period.

The matching concept plays a crucial role in determining the net income or net loss reported on the Income statement.

According to the matching concept, expenses should be recognized in the same period as the revenues they help generate. This means that the costs associated with generating revenue, such as the cost of goods sold, operating expenses, and other relevant expenses, should be recorded in the same accounting period as the revenues they are related to.

By applying the matching concept, the Income statement ensures that the expenses incurred to generate revenue are properly matched and reported in the same period.

This matching process provides a more accurate representation of the company's financial performance by reflecting the true costs associated with generating the reported revenues.

For example, if a company sells products in a given period, the cost of producing those products, including direct materials, labor, and overhead expenses, should be recognized as expenses in the same period.

This alignment allows the Income statement to present the net result of deducting the related expenses from the corresponding revenues, reflecting the company's profitability or loss for that specific period.

In summary, the matching concept significantly influences the Income statement by ensuring that expenses are matched with the revenues they help generate, leading to a more accurate representation of a company's financial performance during a specific period.

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Which advice would best help you protect your personal information?

Answers

the best advice to protect your personal information is to be cautious about sharing it online and with others.

Create strong and unique passwords, regularly update them, and avoid using public Wi-Fi networks.

Also, enable two-factor authentication wherever possible. Keep your device's software updated, install anti-virus software, and be wary of phishing emails and suspicious links.

Use privacy settings on social media platforms to limit the amount of personal information that is visible to others.

Lastly, be careful with whom you share personal information and always verify the legitimacy of the entity before sharing any sensitive information.

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recording, classifying, summarizing, and interpreting financial events in an organization is referred to as ______.

Answers

The name which is given to the recording, classifying, summarizing, and interpreting financial events in an organization is referred to as:

Accounting

According to the given question, we are asked to state the name which is given to the recording, classifying, summarizing, and interpreting financial events in an organization.

As a result of this, we can see that accounting has to do with the ways through which a business person keeps inventory of the inflows and outflows in his business. This is vital so that he can easily calculate his profit and loss.

Therefore, the correct answer is accounting.

Answers

The APR at the mortgage is APR = charge in keeping with month * 12

= 0.5% * 12

= 6%

The required details for annual percent charge of rate (APR) in given paragraph

The term annual percent charge of rate (APR), corresponding occasionally to a nominal APR and occasionally to an powerful APR (EAPR), is the hobby charge for an entire year (annualized), in preference to only a month-to-month fee/charge, as carried out on a mortgage, loan mortgage, credit score card, etc. It is a finance rate expressed as an annual charge. Those phrases have formal, prison definitions in a few nations or prison jurisdictions, however within side the United States:

The nominal APR is the simple-hobby charge (for a year).

The powerful APR is the fee+ compound hobby charge (calculated throughout a year).

In a few areas, the annual percent charge (APR) is the simplified counterpart to the powerful hobby charge that the borrower pays on a mortgage.

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From an information technology perspective, ________ includes the infrastructure for warehousing, integrating, reporting, and analyzing data from the business environment.

Answers

From an information technology perspective, data warehouse includes the infrastructure for warehousing, integrating, reporting, and analyzing data from the business environment.

What is a data warehouse?

A data warehouse refers to the type of data management system that is designed and used to enable and support the business intelligence and business environment activities,

Generally, data warehouse is also known as enterprise data warehouse, which is a system and process of collecting and managing the data from different sources in order to provide meaningful business insights.

Basically, data warehouse includes the framework for analyzing, reporting, warehousing etc.

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the exponential form of 6×6×6×6 is 6 the base is 4 True or False?

Answers

false because the base is 6 and the exponent is 4

PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!

ABC Lumber Company has stock with these probabilities of value after five years with an initial investment of $2,000: 55% probability of a $1,800 value, 20% probability of a $2,100 value, and 25% probability of a $2,700 value. What is the expected value of the investment after five years?

A. $2,085

B. $2,000

C. $1,950

D. $1,545

Answers

Answer:

Explanation:

Answer:

1,950

Explanation:

Use these graphics to answer the question.

An association of medical researchers examined exercise trends among adults.

pls help need an answer fast

Which ratio shows the relationship between the total percent of people who exercised in 2014 to the percent of adults ages 18–24 who exercised in 2016?

47:42
58:45
48:59
48:50

Answers

The ratio that represents the relationship between the total percent of people who did exercise in 2014 compared to the the percent of adults ages 18–24 who exercised in 2016 is 48:59.

What is a ratio?

A ratio is the comparison of two figures, this can be done with the past data, or can be done with the budgeted or any competitor. In the example given the data is compared with the past data, base year is 2014 and the current year is 2016.

The ratio that is calculated represents that the total percentage of people were 48% in 2014 and the adults in 2016 as a total represents a percentage of 59% and therefore the ratio is 48:59.

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Goodwill messages should be exaggerated.

question 10 options:
true
false

Answers

Goodwill messages should be congratulatory messages, not exaggerated.

What is Goodwill?

In the workplace, goodwill messages are used to express kindness, sympathy, and friendliness. The "5 S" key criteria of effective goodwill messages are specific, sincere, selfless, short, and spontaneous.

Goodwill signals should be as important in professional as they are in personal interactions. Messages of goodwill should be congratulatory or genuine expressions of sympathy.

As a result, goodwill messages should be exaggerated is it false.

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On March 1, the Mixing Department had 550 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 550 rolls and also started and completed the mixing process for an additional 4,150 rolls of paper. The department started but did not finish the mixing process for arn additional 500 rolls, which were 20% complete with respect to both direct materials and conversion work at the end of March. Direct materials and conversion costs are incurred evenly throughout the mixing process.
Direct Direct Manufacturing Total
Materials Labor Overhead Allocated Costs
Beginning inventory, Mar. 1 $280 365 $ 4,125 180
Costs added during March 5,720 3,250 825 13,095
Total costs $6,000 4,490 3,430 13920
Journalize all transactions affecting the company's mixing process during March.
Prepare the journal entry to record the cost of the units completed and transferred out of the Mixing Department.

Answers

For the Mixing Department, the following journal entries are prepared.

Journal Entries:

1. Debit Work in Process $13,095

Credit Direct materials $5,720

Credit Direct labor $4,125

Credit Manufacturing overhead $3,250

To record costs of materials, labor, and manufacturing overhead allocated.

2. Debit Transfer out $13,630

Credit Work in Process $13,630

To record the cost of units completed and transferred out.

Data and Calculations:

Direct Direct Mfg o/h Total

Materials Labor Allocated Costs

Beginning inventory $280 $365 $180 $825

Costs added in March 5,720 4,125 3,250 13,095

Total costs $6,000 $4,490 $3,430 $13,920

Physical Direct Conversion

Units Materials Costs

Units to account for:

Beginning Work in process 550

Started in March 4,650

Total units to account 5,200

Completed & transferred 4,700

Ending work in process 500

Units accounted for:

Ending work in process 500 100 (20%) 100 (20%)

Completed & transferred 4,700 4,700 (100%) 4,700 (100%)

Total equivalent units 4,800 4,800

Direct Conversion Total

Materials Costs Costs

Costs to account for:

Beginning inventory $280 $545 $825

Costs added in March 5,720 7,375 13,095

Total costs $6,000 $7,920 $13,920

Total equivalent units 4,800 4,800

Cost per equivalent unit $1.25 $1.65

($6,000/4,800) ($7,920/4,800)

Costs accounted for:

Completed & transferred $5,875 $7,755 $13,630

(4,700 x $1.25) (4,700 x $1.65)

Ending inventory $125 $165 $290

(100 x $1.25) (100 x $1.65)

Total costs accounted $6,000 $7,920 $13,920

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If there is gravity where the International Space Station (ISS) is located above Earth, why doesn't the space station get pulled back down to Earth? р Edit View Insert Format Tools Table 12pt Paragraph B I U A BVT² V DV C QUI !!! To 田く √x + 0 words 5 pts ⠀⠀

Answers

Even though it can seem like there is no gravity in space, the International Space Station (ISS) is nonetheless subject to the effects of gravity. The ISS's orbital speed prevents it from being dragged back down to Earth.

The ISS is perpetually falling around the Earth, giving the astronauts on board the experience of weightlessness. The ISS is kept in a stable orbit by the gravitational attraction between the Earth and it, which counteracts the centrifugal force brought on by its speed and distance from the planet's surface. This complex balance permits the ISS to fall towards the Earth constantly while simultaneously keeping it moving sideways quickly enough to keep missing the target. and continues to orbit the planet. In essence, the ISS maintains its location in space by continuously falling yet also missing the Earth.

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A local car dealership's average customer comes in once every 10 years, and spends $30,000 on each purchase. An average customer in that particular town will spend 40 years frequenting that dealer. What is their lifetime value?

Answers

The lifetime value of a local car dealership for an average customer is $120,000.

What is meant by a lifetime value?

A lifetime value is an average amount that is being earned by the customer over the time period till its being a customer of a particular service.

Given values:

Amount spent by customer: $30,000

The average number of years: 40 years

Computation of lifetime value (LTV):

$\rm\ LTV=\rm\ Average \rm\ number \rm\ of \rm\ years \times\ \rm\ Amount \rm\ spent \rm\ by \rm\ a \rm\ customer\\\rm\ LTV= 40 \times\ \$30,000\\\rm\ LTV=\$120,000$

Therefore, when a customer spends $30,000 on a car dealership for 40 years of average time then its lifetime value would be $120,000.

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Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?

Answers

Answer:

it depends on the measures taken to ensure that economy is stable.

Answer:

1. it is difficult to say since contractionary periods have varying lengths in different business cycles.

2. shock

3. high unemployment

4. two

5. expansion stage of the business cycle

Explanation:

just took it

elle wolfe, owner of wolfe winery wrote a company check to pay her personal credit card bill. What accounting principle did she violate

Answers

By writing a company check to pay her personal credit card bill, Elle Wolf violated the accounting principle known as "separation of business and personal expenses". This principle states that business and personal finances should be kept separate to maintain the integrity of financial records and to accurately reflect the financial position of the company.

By using a company check to pay her personal credit card bill, Elle Wolfe mixed her personal expenses with those of the business, which can lead to inaccurate financial reporting, making tracking and analyzing business expenses difficult. It can also raise concerns about the misuse of company funds.

To adhere to the separation of business and personal expenses principle, Elle Wolfe should have used personal funds or a personal check to pay her personal credit card bill. This ensures that the company's financial statements accurately reflect the true financial performance and position of the business.

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Which of the following is NOT a question economists use?
a.For whom?
b. How productive?
c. How to produce
d. What to produce

Answers

Answer:

A. For whom?

Explanation:

Production is all they care about

Suppose that a decrease in the price of good x results in fewer units of good y being demanded. This implies that x and y are.

Answers

Decrease in the price of good x results in fewer units of good y being demanded This shows that x and y are substitute goods.

A product that can be used in lieu of another is known as a substitute. In the marketplace, substitutes are significant and viewed favorably by customers. They give consumers additional options, which improves their ability to meet their demands. Bills of materials frequently include substitute parts that, in the event that the primary part is damaged, can take its place. Substitutes give consumers options while they are making purchases. When there are at least two items that can serve the same function, such as an iPhone vs. an Android phone, substitutes happen.

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. Determine the monthly payments of principal and interest for a 20 year loan
e. Determine their total monthly payment, including homeowners' insurance and taxes
f. Determine whether the couple will qualify for the 20 year loan
g. Determine how much of the first payment on the loan is applies to the principal.

Answers

In order to determine the monthly payments of principal and interest for a 20-year loan, we can use the loan amount, interest rate, and loan term to calculate the amortized monthly payments.

e) By adding the monthly payments of principal and interest to the homeowners' insurance and property taxes, we can determine the total monthly payment.

f) By considering the couple's income, credit score, and debt-to-income ratio, we can evaluate whether they qualify for the 20-year loan.

g) With an amortization schedule and the loan details, we can determine the specific amount that applies to the principal in the first payment.

Answers

Answer:

C. a corporate charter

A Corporate Charter is document determines the number of shares in a company.

What is Corporate Charter?

Corporate charter is a legal document which is issued with the Secretary of State or registrar in order to establish a company as a corporation and contain every detailed information about company's share. The corporate charter contain information about governance, structure, objectives, operation, other information about the company and information about that total company shares and how much the company is willing to sell.

Therefore, A Corporate Charter is document determines the number of shares in a company

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I don't love you anymore
A pretty line that I adore
Five words that I've heard before
'Cause you keep me on a rope
And tied a noose around my throat
You're gone, then back at my door
'Cause if you're gonna leave
Better leave, better do it fast
Can't live a little longer
Sitting on your lap
'Cause you know what you're doing
When you're coming back
And I don't want to have
Another heart attack
Oh, I can't be
Your lover on a leash
Every other week
When you please
Oh, I can't be
The kiss that you don't need
The lie between your teeth
The cut that always bleeds
The cut that always bleeds
Say you love somebody new
And beat my heart, to black and blue
Then they leave, and it's me
You come back to
To say you loved me all along
And kissed the bruises 'til they're gone
Bittersweet, 'cause I can't breathe
Inside your arms
'Cause if you're gonna leave
Better leave, better do it fast
Can't live another minute
Bleeding from my back
'Cause I don't have another one
For you to stab
And I don't want to have
Another heart attack
Oh I can't be
Your lover on a leash
Every other week
When you please
Oh, I can't be
The kiss that you don't need
The lie between your teeth
The cut that always bleeds
The cut that always bleeds
But even though you're killing me
I, I need you like the air I breathe
I need, I need you more than me
I need you more than anything
Please, please
'Cause I could be
Your lover on a leash
Every other week
When you please
Oh, I could be
Anything you need
As long as you don't leave
The cut that always

Answers

Answer:

thats deep

Explanation:

Answer:

Explanation:Nym7ung

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do a man's physical strength allows his to work more effectively than a women?

Answers

Answer:

yes

Explanation:

if we are talking about a job in which strength is necessary men tend to be stronger this is because of muscle structure and other evolutionary factors in the way but if it's a job about art things that the creativity and not use of strength is needed is fair game

Answer:

yes

Explanation:

what he said ^

True or false :Equifax experian and transunion are legally obligated to provide identical information

Answers

True; Equifax, Experian, and TransUnion are legally obligated to provide identical information.

It should be noted that Equifax experian and transunion are legally obligated to provide identical information.

What is Experian and Equifax?

Experian and Equifax serves as a credit bureaus in the U.S that collect and research credit information.

They help individuals to rate the overall ability to pay back a debt.

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Shane is trying to become better active reader. He has spread his reading assignments over the course of a few days, reads when he is most alert, and only reads in place where he can concentrate. What else can he do to be a better active reader?

Answers

Answer: Annotate the text

Explanation:

The options include:

Rewrite what he reads.

Annotate the text.

Try to visualize the text in his head.