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? $________
Homework Answers
| Cost of Goods Sold | 66766 |
| Add: Accounts payable decrease | 13854 |
| Less: Inventory decrease | -15195 |
| Cash paid to suppliers | 65425 |
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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? $________
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?
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 3 (1 point) A company has $250,000 in cost of goods sold. The Inventory balance...
Question 3 (1 point) A company has $250,000 in cost of goods sold. The Inventory balance decreased from $35,000 in 2018 to $17,000 in 2019 and the Accounts Payable balance decreased from $8,000 in 2018 to $6,000 in 2019. What is the total cash payments to suppliers? $234,000 $270,000 O $266,000 $230,000
Electronic Superstore's inventory increases during the year by $3.4 million, and its accounts payable to suppliers...
Electronic Superstore's inventory increases during the year by $3.4 million, and its accounts payable to suppliers increases by $5.4 million during the same period. What is the amount of cash paid to suppliers of merchandise during the reporting period if its cost of goods sold is $29.0 million? (Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)
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
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
The income statement for Electronic Wonders reports net sales of $91,618 million and cost of goods...
The income statement for Electronic Wonders reports net sales of $91,618 million and cost of goods sold of $69,138 million. An examination of balance sheet amounts indicates accounts receivable increased $1,719 million, inventory increased $869 million, and accounts payable to suppliers decreased $1,953 million. Required: Using the direct method, calculate (1) cash received from customers and (2) cash paid to suppliers. (Enter your answer in millions. (i.e., $10,000,000 should be entered as 10).) Net Sales Increase in accounts recievable Cash...
Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory Accounts receivable...
Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory Accounts receivable Sales revenue Notes payable Accounts payable Service revenue Interest expense $ 85,100 124,400 435,100 118,800 7,800 64,500 90,000 593,100 6,600 56,700 5,400 1,880 (a) In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense item. Revenue Cash Revenue Retained earnings Expense Cost of goods sold Salaries and wages expense Prepaid insurance Inventory Accounts receivable # + Sales revenue...
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 3 (1 point) A company has $250,000 in cost of goods sold. The Inventory balance decreased from $35,000 in 2018 to $17,000 in 2019 and the Accounts Payable balance decreased from $8,000 in 2018 to $6,000 in 2019. What is the total cash payments to suppliers? $234,000 $270,000 O $266,000 $230,000
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
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
Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory Accounts receivable Sales revenue Notes payable Accounts payable Service revenue Interest expense $ 85,100 124,400 435,100 118,800 7,800 64,500 90,000 593,100 6,600 56,700 5,400 1,880 (a) In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense item. Revenue Cash Revenue Retained earnings Expense Cost of goods sold Salaries and wages expense Prepaid insurance Inventory Accounts receivable # + Sales revenue...
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