A company reports its cost of goods sold as 150 billionin

Reference no: EM13614781

a) A company reports its 2007 cost of goods sold at$15.0 million. Its ending inventory for 2007 is $1.6 millionand for 2006, ending inventory was $1.2 million. How muchinventory did the company purchase during 2006?

b) A company recorded net purchases of $15.7 million for2007. In 2006, ending accounts payable was $1.4 million and in2007, it was $1.9 million. How much cash was paid to suppliersin 2007?

c) A company reports its cost of goods sold as $15.0 billionin 2009. It has $2.9 billion in inventory and reports accountspayable at $1.2 billion in 2009. In 2008, ending inventory was reported at $3.1 billion and accounts payable was $1.4billion. How much cash was paid to suppliers for 2009?

d) Alexander Company reported net income in 2006 of $250,000and in 2007 of $285,000. Later it was discovered that theending inventory for 2006 was overstated by $15,000. Disregard income taxes. The correct amounts of net income for 2006 and 2007were

Reference no: EM13614781

Questions Cloud

A 550-kg box rests on a horizontal surface the coefficient : a 55.0-kg box rests on a horizontal surface. the coefficient of static friction between the box and the surface is

You have seen an advertisement of a 2nd handlaptop as an : you have seen an advertisement of a 2nd handlaptop. as an interested buyer write a letter of inquiry havingat least 5

1 you will throw a fair coin 6 times and will win on heads : 1. you will throw a fair coin 6 times and will win on heads and lose on tails. denoting a win as a 1 and a loss as a 0

If you pressurize the gas at a constant temperature how : you are designing a process to store pressurized argon gas a monatomic gas. you start with 4 moles of argon at a

A company reports its cost of goods sold as 150 billionin : a a company reports its 2007 cost of goods sold at15.0 million. its ending inventory for 2007 is 1.6 millionand for

The mean iq is 100 with a standard deviation of 14 suppose : the mean iq is 100 with a standard deviation of 14. suppose iq scores are normally distributed. if your iq is 116 what

At a convenience store the amount of money customers spend : at a convenience store the amount of money customers spend has a right -skewed distribution with mean 6.42 and standard

Assuming the voltage supplied to the outlet is 120v from : you want to plug in a light bulb p100w an electric heater 1500 w your laptop 65w and a hair dryer 1200 w into the same

In 2003 landry restaurants reported the cost of their : a carrie company sold merchandise with an invoice priceof 1000 to underwood inc. with terms of 210 n30. which ofthe

User Account

All Pages