Compute the amount of cash paid to suppliers of inventory

Assignment Help Financial Accounting

Reference no: EM131195417

Analyzing changes in inventory and accounts payable. EkaPhone, a Swedish firm special- izing in communication networks, reported a balance in Inventories of SEK21,470 million at the beginning of Year 7 and SEK22,475 million at the end of Year 7. It also reported a balance in Trade (Accounts) Payable of SEK18,183 million at the beginning of Year 7 and SEK17,427 million at the end of Year 7.

During Year 7, EkaPhone reported SEK114,059 million in Cost of Sales.

Compute the amount of cash paid to suppliers of inventory during Year 7 for purchases made on account. Assume that all of EkaPhone's inventory purchases are made on account. EkaPhone applies IFRS, and reports its results in millions of Swedish kronor (SEK).

Reference no: EM131195417

Questions Cloud

Compute the mean change in cholesterol : Comment on the symmetry of the distribution of change scores based on your answers to Problems 2.12 through 2.16.

Using the unused portion of building for video game rentals : The World of Videos operates a retail store that rents movie videos. For each of the last 10 years, World of Videos has consistently earned profits exceeding $42,000 per year. What is the opportunity cost of using the unused portion of the building f..

How delinquents have been handled throughout history : Contrast the differences between the juvenile and adult justice system in the United States. Identify successful evidence-based treatment modalities for juvenile delinquents and be able to describe the ingredients of effective programs.

Syrian macro-environment : Utilizing research on the Syrian macro-environment, share your thoughts regarding the appropriateness of information presented in the article (200 words).

Compute the amount of cash paid to suppliers of inventory : Analyzing changes in inventory and accounts payable.- Compute the amount of cash paid to suppliers of inventory during Year 7 for purchases made on account.

Customer service department : How do you respond to the idea that service is no longer a way to differentiate yourself in the eyes of your customers. Is it true that everybody who works for a firm is in the customer service department. Explain.

Determine the length of member ab of the truss : Determine the length of member AB of the truss by the first establishing a Cartesian position vector from A to B then determining itsmagnitude.

Drafting of the declaration of human rights : Canada participated in the drafting of the Declaration of Human Rights and has been a "consistently strong voice for the protection of human rights" (Canada's International Human Rights Policy).

Prepare journal entries to record the transactions : Prepare journal entries to record the transactions in the firm's accounting records.- Identify any of the above transactions that will not result in a change in the company's net income.

User Account

All Pages