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irga5000 [103]
3 years ago
7

Electronic Superstore's inventory increases during the year by $3.8 million, and its accounts payable to suppliers increases by

$5.8 million during the same period. What is the amount of cash paid to suppliers of merchandise during the reporting period if its cost of goods sold is $33.0 million? (Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)
Business
1 answer:
Mrrafil [7]3 years ago
3 0

Answer:

$31 million

Explanation:

The computation of the amount of cash paid to suppliers of merchandise during the reporting period is shown below:

= Costs of goods sold + increase in inventory - increase in accounts payable

= $33 million + $3.8 million - $5.8 million

= $31 million

The Costs of goods sold + increase in inventory is also known as purchase of inventory

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Individuals who score high in conscientiousness tend to take their jobs seriously and act responsibly at work.

<h3>What is conscientiousness?</h3>

Conscientiousness is the characteristic of being careful or diligent. Conscientiousness suggests a desire to complete a task correctly and to take one's responsibilities to others seriously. Conscientious persons are efficient and ordered, as opposed to relaxed and disorganized.

Conscientious people are more inclined to carefully analyze all of the information before making decisions. They usually think things through and ponder the repercussions before acting. Before proceeding, conscientious people frequently assess circumstances and weigh the advantages and downsides.

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1 year ago
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= Government purchases of goods and services  (10) + Consumption Expenditures  (70 )+ Exports  (5 ) - Imports  (12) + Change in Inventories  (-7 ) + Construction of new homes and apartments  (15 ) - Sales of existing homes and apartments  (22 ) + Government payments to retirees  (17 ) + Business Fixed Investment  (9)

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