What was the amount of cash paid on accounts payable | Quick Homework Help
Q1. A farmer is raising rabbits. The average body weight in his rabbit population is 3 kg. The farmer selects the 10 largest rabbits in population, whose average body weight is 4 kg, and interbreeds them. If narrow-sense heritability in the rabbit population is 0.7, what is an expected body weight among offspring of selected rabbits?
Q2. Dyna Corporation had cost of goods sold of $300,000 for the present year ended December 31 and an ending inventory balance of $50,000. The beginning balances in inventory and accounts payable were $20,000 and $16,000, correspondingly. Dyna finances 80 percent of its inventory purchases with trade accounts payable, incurs purchases ratably throughout the year, and consistently pays for its purchases 30 days after acquisition. What was the amount of cash paid on accounts payable for the period of the year ended December 31?
