Reference no: EM132543558
Question 1: Mari Company reported these facts and figures for 2018 and 2019.
Accounts payable, December 31, 2018 60,000
Accounts payable, December 31, 2019 80,000
Inventory, December 31, 2018 45,000
Inventory, December 31, 2019 60,000
Cost of goods sold, 2019 1,000,000
Assume that all merchandise purchases are on account. How much cash was paid to suppliers for inventory purchases in 2019?
Question 2: Red Mountain Corporation reported these date for 2018 and 2019:
Interest payable, December 31, 2018 3,200
Interest payable, December 31,2019 10,200
Interest expense, 2019 22,000
How much cash was paid for interest in 2019?
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Prepare retained earnings statement for Marigold Company
: In 2017, net income was $958,000 and dividends declared were $233,000. The tax rate is 40%. Prepare 2017 retained earnings statement for Marigold Company
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Why was the performance appraisal first established
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How much would be available to live on each quarter
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Discuss the class of NICs and payments of each class
: Explain briefly the definition of National insurance contributions (NICs). Discuss the class of NICs and payments of each class
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How much cash was paid to suppliers for inventory purchases
: Assume that all merchandise purchases are on account. How much cash was paid to suppliers for inventory purchases in 2019?
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Find what the net cash flow from operating activities
: Find The net cash flow from operating activities using the indirect method is?What net cash flow from operating activities using the indirect method is
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What is their interest expense on the bond each year
: If the bond's coupon rate is 7%, and they use straight-line amortization methods for all intangibles, what is their interest expense on the bond each year
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What will the bond sell for when issued
: A firm issues a zero-coupon bond with a face value of $1,000,000 and a term of 10 years. If the market interest rate is 6%, what will the bond sell
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What amount reported as net cash inflow from operating
: How to Make the operating activities section of the statement of cash flows, what amount will be reported as net cash inflow from operating activities for 2019?
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