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3 years ago

Use the following information about the current year's operations of a company to calculate the cash paid for merchandise.

Business

1 answer:

Deffense [45]3 years ago

6 0

Answer:

$727,000

Explanation:

Calculation of cash paid for merchandise

Cost of goods sold

$735,000

Add:

Merchandise inventory, December 31

$82,400

Less:

Merchandise inventory, January 1

($84,700)

Purchases during the period

$732,700

Add:

Accounts payable, January 1

$54,500

Less:

Accounts payable, December 31

($60,200)

Cash paid for merchandise

$727,000

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Answer:

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Explanation:

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or the fair market worth of the received boot i.e $48,250.

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b. Suppose Jonathan's land is worth, $208,440, then we can calculate Logan's recognized gain to be ;

the lower of the realized gain I.e amount realized of $231,600 - adjusted basis $193,00 = $38,600

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Elmer’s utility function is U(x, y) = min{x, y2}. If the price of x is $25 and the price of y is $15 and if Elmer chooses to con

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Answer:

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Explanation:

The computation of the income is shown below;

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So,

25X + 15Y = M

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So,

At eqm, X = Y^2 = 49

Then ,

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2. A closer estimate of the total cost can be made by including the estimated sales tax. Use a formula to calculate the estimate

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Answer: Hello your question has some missing details hence I will provide an answer based on the general scope of your question

answer ; =([Cost] * 1.07)

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Assuming the table heading for estimated cost in July 2014 is named "Cost"

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Total = Cost * ( 1 + Sales Tax )

= Cost * ( 1 + 0.07 )

= Cost * 1.07

Excel equivalent formula used that can be used = ([Cost] * 1.07)

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