Bob's Repair Shop had cost of goods sold of $1,000 last year. His inventory increased by...
Bob's Repair Shop had cost of goods sold of $1,000 last year. His inventory increased by $100 and his accounts payable decreased by $25. What was his Cash Paid to Suppliers?
Homework Answers
Cash Paid to Suppliers = Cost of goods sold + Inventory increased + Accounts payable decreased = $1,000 + $100 + $25 = $1,125
Add Answer to:
Bob's Repair Shop had cost of goods sold of $1,000 last year.
His inventory increased by...
Last year Anderson Corporation reported a cost of goods sold of $109,000. The company's inventory at...
Last year Anderson Corporation reported a cost of goods sold of $109,000. The company's inventory at the beginning of the year was $12,800, and its inventory at the end of the year was $21,700. The prepaid expense account increased by $2,900 between the beginning and end of the year, and the accounts payable account decreased by $4,900. Cost of goods sold adjusted to the cash basis under the direct method would be: Multiple Choice $101,200 $116,800 $122,800 $120,800
Kissy Company had an increase in inventory of $515,000. The cost of goods sold was $295,000....
Kissy Company had an increase in inventory of $515,000. The cost of
goods sold was $295,000. There was a $16,000 decrease in accounts
payable from the prior period. What were Kissy's cash payments to
suppliers?
12) Kissy Company had an increase in inventory of $515,000. The cost of goods sold was $295,000. There was a $16,000 decrease in accounts payable from the prior period. What were Kissy's cash payments to suppliers? $826,000 b. $810,000 c. $844,000 d. $801,000
Cost of Goods Sold was $66,766, Accounts payable decreased by 13,854.and inventory decreased by $15,195 What was the cash paid to suppliers? $________
Cost of Goods Sold was $66,766, Accounts payable decreased by 13,854.and inventory decreased by $15,195 What was the cash paid to suppliers? $________
Sales revenue $7,541,400 Cost of goods sold Beginning inventory $1,949,500 Purchases 4,316,100 Goods available for sale...
Sales revenue $7,541,400 Cost of goods sold Beginning inventory $1,949,500 Purchases 4,316,100 Goods available for sale 6,265,600 Ending inventory 1,452,600 Total cost of goods sold 4,813,000 Gross profit 2,728,400 Operating expenses 1,193,200 Net income $1,535,200 Additional information: 1. Accounts receivable increased $204,800 during the year, and inventory decreased $496,900. 2. Prepaid expenses increased $165,400 during the year. 3. Accounts payable to suppliers of merchandise decreased $338,800 during the year. 4. Accrued expenses payable decreased $101,700 during the year. 5. Operating...
HELP ME SOLVE THIS Sales revenue $7,522,100 Cost of goods sold Beginning inventory $1,869,400 Purchases 4,492,900...
HELP ME SOLVE THIS
Sales revenue
$7,522,100
Cost of goods sold
Beginning inventory
$1,869,400
Purchases
4,492,900
Goods available for sale
6,362,300
Ending inventory
1,321,200
Total cost of goods sold
5,041,100
Gross profit
2,481,000
Operating expenses
1,112,800
Net income
$1,368,200
Additional information:
1.
Accounts receivable increased $204,100 during the year, and
inventory decreased $548,200.
2.
Prepaid expenses increased $166,800 during the year.
3.
Accounts payable to suppliers of merchandise decreased $346,900
during the year.
4.
Accrued expenses payable decreased $109,600 during...
A company reported cost of goods sold of $1,520,000 for the year. During the year, inventory...
A company reported cost of goods sold of $1,520,000 for the year. During the year, inventory decreased from a $92,000 beginning balance to a $75,000 ending balance, and accounts payable decreased from a $48,000 beginning balance to a $38,000 ending balance. How much is the cash paid for merchandise purchased during the year? $1,547,000 $1,503,000 $1,527,000 $1,513,000
Kuma, Inc. had cost of goods sold of $106,000 for the just completed year. Shown below...
Kuma, Inc. had cost of goods sold of $106,000 for the just completed year. Shown below are the beginning and ending balances of various Kuma accounts: Ending Beginning Cash and cash equivalents $ 59,000 $ 45,000 Accounts receivable $ 75,000 $ 81,000 Inventory $ 36,000 $ 42,000 Accounts payable $ 18,000 $ 14,000 Retained earnings $ 79,000 $ 64,000 Kuma prepares its statement of cash flows using the direct method. On its statement of cash flows, what amount should Kuma...
12) Kissy Company had an increase in inventory of $515,000. The cost of goods sold was...
12) Kissy Company had an increase in inventory of $515,000. The cost of goods sold was $295,000. There was a $16,000 decrease in accounts payable from the prior period. What were Kissy's cash payments to suppliers? a. $826,000 b. $810,000 c. $844,000 d. $801,000
LaRoe Lawns' inventory increased during the year by $4.2 million. Its accounts payable increased by $5.2...
LaRoe Lawns' inventory increased during the year by $4.2 million. Its accounts payable increased by $5.2 million during the same period. Required: What is the amount of cash LaRoe paid to suppliers of merchandise during the reporting period if its cost of goods sold was $39 million? Prepare a summary entry that represents the net effect of merchandise purchases during the reporting period. Complete this question by entering your answers in the tabs below. Cash Paid General Journal What is...
saxhorn inc had a cost of goods sold of $138,572 last year. at the end of...
saxhorn inc had a cost of goods sold of $138,572 last
year. at the end of the year, accounts payable balance was
$32681
a how long on average did it take the company to pay its suppliers
(what is the payables period)?
b what might a large value for this ratio imply?
le Home Insert Page Layout Formulas Data Review View Assignment 3-4 Worksheet - Excel Tell me what you want to do... Developer Arial * Cut Copy Format Painter...
Last year Anderson Corporation reported a cost of goods sold of $109,000. The company's inventory at the beginning of the year was $12,800, and its inventory at the end of the year was $21,700. The prepaid expense account increased by $2,900 between the beginning and end of the year, and the accounts payable account decreased by $4,900. Cost of goods sold adjusted to the cash basis under the direct method would be: Multiple Choice $101,200 $116,800 $122,800 $120,800
Kissy Company had an increase in inventory of $515,000. The cost of
goods sold was $295,000. There was a $16,000 decrease in accounts
payable from the prior period. What were Kissy's cash payments to
suppliers?
12) Kissy Company had an increase in inventory of $515,000. The cost of goods sold was $295,000. There was a $16,000 decrease in accounts payable from the prior period. What were Kissy's cash payments to suppliers? $826,000 b. $810,000 c. $844,000 d. $801,000
HELP ME SOLVE THIS
Sales revenue
$7,522,100
Cost of goods sold
Beginning inventory
$1,869,400
Purchases
4,492,900
Goods available for sale
6,362,300
Ending inventory
1,321,200
Total cost of goods sold
5,041,100
Gross profit
2,481,000
Operating expenses
1,112,800
Net income
$1,368,200
Additional information:
1.
Accounts receivable increased $204,100 during the year, and
inventory decreased $548,200.
2.
Prepaid expenses increased $166,800 during the year.
3.
Accounts payable to suppliers of merchandise decreased $346,900
during the year.
4.
Accrued expenses payable decreased $109,600 during...
A company reported cost of goods sold of $1,520,000 for the year. During the year, inventory decreased from a $92,000 beginning balance to a $75,000 ending balance, and accounts payable decreased from a $48,000 beginning balance to a $38,000 ending balance. How much is the cash paid for merchandise purchased during the year? $1,547,000 $1,503,000 $1,527,000 $1,513,000
12) Kissy Company had an increase in inventory of $515,000. The cost of goods sold was $295,000. There was a $16,000 decrease in accounts payable from the prior period. What were Kissy's cash payments to suppliers? a. $826,000 b. $810,000 c. $844,000 d. $801,000
LaRoe Lawns' inventory increased during the year by $4.2 million. Its accounts payable increased by $5.2 million during the same period. Required: What is the amount of cash LaRoe paid to suppliers of merchandise during the reporting period if its cost of goods sold was $39 million? Prepare a summary entry that represents the net effect of merchandise purchases during the reporting period. Complete this question by entering your answers in the tabs below. Cash Paid General Journal What is...
saxhorn inc had a cost of goods sold of $138,572 last
year. at the end of the year, accounts payable balance was
$32681
a how long on average did it take the company to pay its suppliers
(what is the payables period)?
b what might a large value for this ratio imply?
le Home Insert Page Layout Formulas Data Review View Assignment 3-4 Worksheet - Excel Tell me what you want to do... Developer Arial * Cut Copy Format Painter...
Most questions answered within 3 hours.
-
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 2 hours ago -
Name the following coordination compounds using systematic
nomenclature.
1. [Co(H2O)6]Cl2:
2. [Cr(NH3)6](NO3)3:
3. K4[Fe(CN)6]:
4. Na[Au(CN)4]:...
asked 39 minutes ago -
This assignment will explore the impact of corporate decisions
on a local versus a global perspective....
asked 1 hour ago -
Given the function below, F(w,x,y,z)= x’z+w’z’+w’y
a) draw a logic diagram for an implementation which uses...
asked 1 hour ago -
The sandwich maker of the EE-Cole-Eye Sandwich Truck was just
fired (for a reason described below)...
asked 1 hour ago -
Most political philosophers believe we have a duty to obey laws,
even if the laws in...
asked 2 hours ago -
Which of the following are common negotiation outcome
mistakes?
a. Leave money on the table b....
asked 2 hours ago -
Convert the following quantities:
a) 0.819 atm to torr b) 512 mmHg to bar c) 11.2...
asked 3 hours ago -
C ++ Implement cat command
The purpose of this assignment is to provide practice using the...
asked 3 hours ago -
we
convert sugars into another form of stored potential energy. This
is called?
asked 3 hours ago -
The manufacturers of Oriental Spice Sauce are concerned that the
sodium levels in their product vary...
asked 4 hours ago -
PLEASE DON'T ANSWER IF YOU CAN'T ANSWER ALL OF THE QUESTIONS. I
DESPERATELY NEED HELP
Consider...
asked 4 hours ago