Homework Answers
Answer: $234,000
Calculations:
| Cost of goods sold | $250,000 |
| (Less): Decrease in inventory [35000-17000] | ($18,000) |
| Purchases | $232,000 |
| Add: Decrease in accounts payble [8000-6000] | $2,000 |
| Cash payments to suppliers | $234,000 |
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Question 3 (1 point) A company has $250,000 in cost of goods sold. The Inventory balance...
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
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
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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
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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? $________
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Company A, reports net sales of $2,200,000, cost of goods sold of $1,000,000, and income tax...
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QS 12-22B Direct: Computing cash payments to suppliers LO P5 Bioware Co. reports cost of goods...
QS 12-22B Direct: Computing cash payments to suppliers LO P5 Bioware Co. reports cost of goods sold of $44,200. Its comparative balance sheet shows that inventory decreased $9,200 and accounts payable increased $7,200. Compute cash payments to suppliers using the direct method. Cash Payments to Suppliers (Direct) Cash paid for inventory
Question 5 (1 point) A company has $64,000 in income tax expense. The Income Tax Payable...
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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
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
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
Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $5,196.0 million and operating expenses (including depreciation expense of $1,237.0 million) $10,331.0 million. The comparative balance sheets for the year shows that inventory decreased $5.2 million, prepaid expenses increased $45.5 million, accounts payable (merchandise suppliers) increased $15.3 million, and accrued expenses payable increased $196.0 million. Using the direct method, compute (a) cash payments to suppliers and (b) cash payments for operating expenses. (a) Cash payments to suppliers...
QS 12-22B Direct: Computing cash payments to suppliers LO P5 Bioware Co. reports cost of goods sold of $44,200. Its comparative balance sheet shows that inventory decreased $9,200 and accounts payable increased $7,200. Compute cash payments to suppliers using the direct method. Cash Payments to Suppliers (Direct) Cash paid for inventory
Question 5 (1 point) A company has $64,000 in income tax expense. The Income Tax Payable balance decreased from $10,000 in 2018 to $7,000 in 2019. What is the total cash payments for income taxes? $54,000 O $67,000 O $57,000 $61,000
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