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Kissy Company had an increase in inventory of $515,000. The cost of goods sold was $295,000....
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
Newton Corporation reported an increase in inventory of $55,000. The cost of goods sold for the...
Newton Corporation reported an increase in inventory of $55,000. The cost of goods sold for the year was $190,000. There was also a $7,000 decrease in accounts payable from the beginning of the year to the end of the year. What is Newton's cash payment to suppliers for inventory? O A. $197,000 OB. $252,000 O C. $238,000 D. $245,000 Click to select your answer.
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
Widden Company, which sells electric razors, had $360,000 of cost of goods sold during the month...
Widden Company, which sells
electric razors, had $360,000 of cost of goods sold during the
month of June. The company projects a 7 percent increase in cost of
goods sold during July. The inventory balance as of June 30 is
$23,000, and the desired ending inventory balance for July is
$24,000. Widden pays cash to settle 75 percent of its purchases on
account during the month of purchase and pays the remaining 25
percent in the month following the purchase....
Rare Company had purchases of $580,000. The comparative balance sheet analysis revealed a $ 115,000 decrease...
Rare Company had purchases of $580,000. The comparative balance
sheet analysis revealed a $ 115,000 decrease in inventory and a
$225,000 increase in accounts payable. what were Rare's cash
payments to suppliers?
11) Rare Company had purchases of $580,000. The comparative balance sheet analysis revealed a $115,000 decrease in inventory and a $225,000 increase in accounts payable. What were Rare's cash payments to suppliers? a. $355,000 b. $4700,000 c. $240,000 d. $580,000
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?
Adams Company, which sells electric razors, had $330,000 of cost of goods sold during the month...
Adams Company, which sells electric razors, had $330,000 of cost of goods sold during the month of June. The company projects a 9 percent increase in cost of goods sold during July. The inventory balance as of June 30 is $31,000, and the desired ending Inventory balance for July is $32,000. Adams pays cash to settle 75 percent of its purchases on account during the month of purchase and pays the remaining 25 percent in the month following the purchase....
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...
Zachary Company, which sells electric razors, had $310,000 of cost of goods sold during the month...
Zachary Company, which sells electric razors, had $310,000 of cost of goods sold during the month of June. The company projects a 6 percent increase In cost of goods sold during July. The Inventory balance as of June 30 Is $36,000, and the desired ending inventory balance for July Is $37000. Zachary pays cash to settle 75 percent of its purchases on account durtng the month of purchase and pays the remaining 25 percent in the month following the purchase....
Widden Company, which sells electric razors, had $360,000 of cost of goods sold during the month...
Widden Company, which sells electric razors, had $360,000 of cost of goods sold during the month of June. The company projects a 10 percent increase in cost of goods sold during July. The inventory balance as of June 30 is $32,000, and the desired ending inventory balance for July is $33,000. Widden pays cash to settle 80 percent of its purchases on account during the month of purchase and pays the remaining 20 percent in the month following the purchase....
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
Newton Corporation reported an increase in inventory of $55,000. The cost of goods sold for the year was $190,000. There was also a $7,000 decrease in accounts payable from the beginning of the year to the end of the year. What is Newton's cash payment to suppliers for inventory? O A. $197,000 OB. $252,000 O C. $238,000 D. $245,000 Click to select your answer.
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
Widden Company, which sells
electric razors, had $360,000 of cost of goods sold during the
month of June. The company projects a 7 percent increase in cost of
goods sold during July. The inventory balance as of June 30 is
$23,000, and the desired ending inventory balance for July is
$24,000. Widden pays cash to settle 75 percent of its purchases on
account during the month of purchase and pays the remaining 25
percent in the month following the purchase....
Rare Company had purchases of $580,000. The comparative balance
sheet analysis revealed a $ 115,000 decrease in inventory and a
$225,000 increase in accounts payable. what were Rare's cash
payments to suppliers?
11) Rare Company had purchases of $580,000. The comparative balance sheet analysis revealed a $115,000 decrease in inventory and a $225,000 increase in accounts payable. What were Rare's cash payments to suppliers? a. $355,000 b. $4700,000 c. $240,000 d. $580,000
Adams Company, which sells electric razors, had $330,000 of cost of goods sold during the month of June. The company projects a 9 percent increase in cost of goods sold during July. The inventory balance as of June 30 is $31,000, and the desired ending Inventory balance for July is $32,000. Adams pays cash to settle 75 percent of its purchases on account during the month of purchase and pays the remaining 25 percent in the month following the purchase....
Zachary Company, which sells electric razors, had $310,000 of cost of goods sold during the month of June. The company projects a 6 percent increase In cost of goods sold during July. The Inventory balance as of June 30 Is $36,000, and the desired ending inventory balance for July Is $37000. Zachary pays cash to settle 75 percent of its purchases on account durtng the month of purchase and pays the remaining 25 percent in the month following the purchase....
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