What is the amount of the cash paid to suppliers

Assignment Help Financial Accounting
Reference no: EM132717960

Problem 1: If a company's Cost of Goods Sold is $159,000 for the period, beginning and ending Inventory balances are $18,500 and $13,500, respectively, and the beginning and ending Accounts Payable balances are $21,500 and $8,000, respectively, what is the amount of the cash paid to suppliers?

Reference no: EM132717960

Questions Cloud

Determine the net present value of building the warehouse : Determine the net present value of building the warehouse, assuming a construction cost of $20,000,000, an annual net cost savings of $4,000,000
Show estimated collections for second month after sales : Show Estimated collections for second month after sales. 12 per cent is collected in the second month following the sale. 3 per cent is never collected
What is the amount of your utility bill : If your fixed monthly utility charge is SR 200, your variable cost is SR2 per kilowatt hour, and your monthly activity level is 3,000 kilowatt hours.
Determine the net present value of the equipment : Determine the net present value of the equipment, assuming a desired rate of return of 10% and annual net cash flows of $700,000
What is the amount of the cash paid to suppliers : The beginning and ending Accounts Payable balances are $21,500 and $8,000, respectively, what is the amount of the cash paid to suppliers?
What are some of the strategies for reducing the risks : What is the weakest link in the security of an IT infrastructure? What are some of the strategies for reducing the risks?
Prepare the general journal entry for the entries : On January 2, 2016, Alpha Corporation issued 1,500 shares of $6 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation.
Prepare the journal entry for the first year : Coconut Plantations Pty Ltd purchased machinery for its manufacturing process on 1 March 2018. Prepare the journal entry for the 1st year.
Crypto currencies with applicable examples : Describe at least two crypto currencies with applicable examples. Discuss some similarities and differences.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd