Cost of goods sold = 100,000 Merch at Beginning = 50,000 Merch at End = 45,000 Acct Payable Beginning = 30,000 Acct Payable End = 40,000 What is Cash paid for merch this year?
Cost of goods sold = 100,000 Merch at Beginning = 50,000 Merch at End = 45,000 Acct Payable Beginning = 30,000 Acct Payable End = 40,000 What is Cash paid for merch this year?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 3MC
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Question
Cost of goods sold = 100,000
Merch at Beginning = 50,000
Merch at End = 45,000
Acct Payable Beginning = 30,000
Acct Payable End = 40,000
What is Cash paid for merch this year?
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