1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Svetlanka [38]
3 years ago
13

Tito Company reports a $20,000 increase in inventory and a $5,000 decrease in accounts payable during the year. Cost of Goods So

ld for the year was $282,000. Using the direct method of reporting cash flows from operating activities, cash payments made to suppliers were
Business
1 answer:
Neporo4naja [7]3 years ago
7 0

Answer: Cash payments made to suppliers were $307,000

Explanation:

In order to find cash paid to suppliers we start from the cost of goods sold, add any increase in inventory to it, subtract any decrease in inventory, add any decrease in accounts payable, subtract any increase in accounts payable.

So 282,000+20,000+5,000= 307,000

You might be interested in
Why is it important to screen your business idea?​
hjlf

Answer:

It is important to screen your business idea because with screening it it can give you a wide variety of what's wrong with your idea and what you can do to solve it

5 0
3 years ago
What document is used to summarize a job applicant’s experience, education, and achievements?
Nataliya [291]
A resume would be a document to summarize an applicant. 
6 0
3 years ago
Read 2 more answers
A fleet of refrigerated delivery trucks is acquired on January 5, 2017, at a cost of $900,000 with an estimated useful life of 1
gavmur [86]

Answer:

depreciation expense 2017 = $180,000

depreciation expense 2018 = $144,000

depreciation expense 2019 = $115,200

Explanation:

purchase cost $900,000

estimated useful life 10 years

depreciation expense using double declining method = 2 x regular straight method depreciation rate x purchase cost

depreciation expense 2017 = 2 x 1/10 x $900,000 = $180,000

depreciation expense 2018 = 2 x 1/10 x $720,000 = $144,000

depreciation expense 2019 = 2 x 1/10 x $576,000 = $115,200

8 0
4 years ago
All of the following statements regarding long-term liabilities are true except?
Jlenok [28]

Answer:

C. Liabilities that do not have a fixed due date, but are payable on demand, are reported as long-term liabilities.

Explanation:

The liabilities are the responsibility with regard to the amount that is borrowed by someone from any other person or financial institution. It is a responsibility of a person to return the borrowed amount within the prescribed time along with the interest. Its time period is more than one year

Based on the given options, the option A, B and D are correct but option D is not correct as they have the specified date

Hence, the option C is correct

6 0
3 years ago
You are computing the discount rate for a project in the furniture business. Your firm is 100% equity financed and will remain t
cestrela7 [59]

Answer:

The given statement is correct

Explanation:

A well-perceived strategy to measure the cost of the capital for a project is 'pure-play'. As indicated by pure-play procedure, a firm faces two kinds of risks, the most significant is financial leverage risk as beta increases due to an increase in financial leverage risk and the second type is an operational risk. If a firm is persuaded to apply the pure-play method for the calculation of the cost of capital, for that, they should utilize the unlevered beta for the organization that is working in the same industry. Therefore, according to this technique, the given explanation is right.

3 0
3 years ago
Other questions:
  • Jose runs a gallery which specializes in neon art with an emphasis on vacation icons like flamingos, dolphins, and palm trees. S
    8·2 answers
  • Carpets n’ Rugs, Inc., agrees to carpet Downtown Realty’s offices, using a particular brand of durable carpet. Carpets n’ Rugs c
    6·1 answer
  • Writers provide details in their descriptions of setting that they think will:
    8·1 answer
  • Even though many bonds have deferred sinking funds, the sinking fund has the following effects on bondholders: I) provides extra
    15·1 answer
  • Peyton’s Palace has net income of $15 million on sales revenue of $130 million. Total assets were $96 million at the beginning o
    12·1 answer
  • Market Research Reading Quiz QUESTION 5 of 10: Market research concerns what aspects of your target market: a Characteristics b)
    15·1 answer
  • Dwyer Company reported the following results for the year ended December 31, 2007, its first year of operations: 2007 Income (pe
    9·1 answer
  • So people; how u doin? lol bored
    6·2 answers
  • Chapter 4 developing a business plan
    7·1 answer
  • True or false: it is recommended to minimize interruptions in cpr for pulse checks and shocks.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!