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MaRussiya [10]
3 years ago
11

The cost of goods sold during the year was $50,000. Merchandise inventories were $12,500 and $10,500 at the beginning and end of

the year, respectively. Accounts payable (all owed to merchandise suppliers) were $6,000 and $5,000 at the beginning and end of the year, respectively. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total ________ .
Business
1 answer:
kolbaska11 [484]3 years ago
5 0

Answer:

$49,000

Explanation:

Cost of goods sold for the year = $50,000

Opening Inventory = $12,500

Closing inventory = $10,500

Opening Accounts Payable = $6,000

Closing accounts Payable = $5,000

Purchases = Cost of goods sold + Closing Inventory - Opening Inventory

= $50,000 + $10,500 - $12,500 = $48,000

Total payment to Accounts Payable For inventory

= Opening + Purchases - Closing = $6,000 + $48,000 - $5,000 = $49,000

Correct answer

$49,000

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Answer:

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Answer:

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However, advertised interest rate are not the same as your loan's annual percentage rate (APR) because other charges like mortgage insurance, closing costs, discount points and loan origination fees apply.

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3 years ago
Steve owns a bike store. His total costs are $1.2 million per year, his variable costs are $750,000, and his fixed costs are $45
ahrayia [7]

Divide variable costs by output. Therefore, it would be 750000 divided 1200, giving you $625.

6 0
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Audiences are allowed to preview (sneak preview) actual movies such as The Hunger Games and Star Trek so that changes might be m
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Answer:

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