Homework Answers
The correct option is
B) $252,000
Explanation:
cash payment to suppliers for inventory
=increase in inventory + cost of goods sold + decrease in accounts payable
=$55,000 + $190,000 + $7000
=$252,000
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Newton Corporation reported an increase in inventory of $55,000. The cost of goods sold for the...
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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
QUESTION 7 KRJ Corporation reported cost of goods sold of $812 million for the year. Inventory at the beginning of the year was $118 million and at the end of the year it was $280 million. Accounts payable at the beginning of the year was $144 million and at the end of the year it was $135 million. How much cash (in $ millions) was paid for inventory purchased during the year? QUESTION 8 KRJ Corporation reported annual wages expense...
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
Cost of goods sold is an asset reported in the balance sheet and inventory is an expense reported in 运行时 the income statement. 17 O True O False 问题2 1分 If a company has beginning inventory of $15,000, purchases during the year of $75,000, and ending inventory of $20,000, cost of goods sold equals $70,000 True False 问题3 1分 For most companies, actual physical flow of their inventory follows LIFO.I True O False
Review the video to help you answer the following question. Royer Corporation reports Cost of Goods Sold of $220,000, Ending Inventory of $28,000, Beginning Inventory of $43,000, Ending Accounts Payable of $27,000 and Beginning Accounts Payable of $17,000. What is the accounts payable turnover in days (DPO)? (Round any intermediary calculations and your final answer two decimal places, X.XX.) O A. 44.79 OB. 36.50 OC. 28.21 OD. 39.16
Beginning inventory is $30,000. Purchases of inventory during the year are $60,000. Cost of goods sold is $70,000. What is ending inventory? Select one: a. 50,000 Ob. 20,000 O c. 20,000 O d. 30,000
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