Homework Answers
Answer is option (d). $492114
Explanation;
Cash paid to suppliers will be calculated with the help of following formula;
(Cost of goods sold + Increase in inventory – Increase in accounts payable)
Cost of goods sold is given = $492312
Increase in inventory ($92932 – $82635) = $10297
Increase in accounts payable ($45327 – $34832) = $10495
Now let’s put these values in above given formula;
Cash paid to suppliers ($492312 + $10297 – $10495) = $492114
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Please show all steps so I can fully understand how to solve. thank you Following are...
Please show all steps so I can fully understand how to
solve. thank you
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