The opening balance of inventory is $50 000 and the closing balance is $15 000.If cost of sales is $500 000 for the period,assuming creditors' balances have not altered,the amount of cash paid to suppliers is _____________.
Correct Answer:
Verified
Q48: If dividends declared at the end of
Q49: Which of the following statements concerning the
Q50: Cash from operating activities less the amount
Q51: A healthy business would normally expect to
Q52: During the financial period the amount owing
Q54: Which of the following would assist an
Q55: Free cash flow is:
A) the cash available
Q56: Borrowing money and raising share capital are
Q57: Which of the following cash flow ratios
Q58: The formula for the cash adequacy ratio
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents