Amount of cash paid on accounts payable

Assignment Help Accounting Basics

Reference no: EM13156472

Dyna Corporation had cost of goods sold of $300000 for the current year ended December 31 and an ending inventory balance of $50000. The beginning balances in inventory and accounts payable were $20,000 and $16,000, respectively. Dyna finances 80 percent of its inventory purchases with trade accounts payable, incurs purchase ratably throughout the year, and consistently pays for its purchases 30 days after acquisition. What was the amount of cash paid on accounts payable during the year ended December 31?

Reference no: EM13156472

Questions Cloud

Calculate the present worth of all of the costs : If an option existed for an equivalent computer system to be purchased for $810 per month, paid at the end of each month in 2012, should they take this plan instead? Explain Answer!

What is the expected partial pressure of so2(g) : After the reaction comes to equilibrium, an additional 1.00g of O2(g) is added to the system. What is the expected partial pressure of SO2(g) then?

Calculate the total social marginal benefit function : Calculate the total social marginal benefit function and what is the socially efficient number of computer movie files?

What happens to the structure of pka when camp : How the term "consensus sequence" (-RRX(S/T)Y-) relates to the activity of PKA where X is a small amino acid residue (e.g., G), and Y is a large hydrophobic residue (e.g., I), making it clear that you know how the term relates to the function and ..

Amount of cash paid on accounts payable : What was the amount of cash paid on accounts payable during the year ended December 31?

How many grams of water are consumed : how many grams of water are consumed if 4.0 g of hydrogen gas and 32.0 g of oxygen are produced

Test null hypothesis that the population mean is given value : You collect a sample of 100 observations on monthly spending on fast food. The sample mean is $96 and the sample variance is 400. Test the null hypothesis that the population mean is $100. Show your work.

What monthly cost would be equivalent to the riginal schedul : If the machine could instead be leased for two years for some monthly payment (paid at the beginning of each month), what monthly cost would be equivalent to the original schedule of payments?

Which is a plasma membrane-bound protein : With respect to the substrate for this enzyme, briefly describe the advantage for PLC to being membrane bound.

User Account

All Pages