The cost of merchandise sold during the year was $54,000. Merchandise inventories increased by $2,000. Accounts payable increased by $3,000. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise are calculateda. $47,000
b. $51,000
c. $53,000
d. $49,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The cost of merchandise sold during the year was $54,000. Merchandise inventories increased by $2,000. Accounts payable increased by ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following types of investment carries the greatest risk? A) Stocks B) Mutual funds C) Bonds D) Certificates of deposit
Answers (1)
Santa Klaus Toys just paid a dividend of $3.10 per share. The required return is 9.2 percent and the perpetual dividend growth rate is 4.0 percent. What price should this stock sell for five years from today?
Answers (2)
Sylvia Taylor talks about the company's Total Rewards program, the goal of which is to compensate employees at a competitive level.
Answers (2)
Lead record ownership was previously set to a Queue whenever new lead records were created in your Salesforce instance. The Chief Marketing Officer has dictated that this practice must be changed.
Answers (1)
GMM co. plans to issue annual coupon bonds with 7.5% coupon rate to the public, maturing in 10 years. The face value of the bond is $1,000. You, as the CFO, want to decide how to set the price for the bond.
Answers (1)
New Questions in Business
2. Explain how lean manufacturing improves the economy's efficiency in allocation. 3. Before lean manufacturing innovations, Japan mostly sold consumer electronics to the United States.
Answers (1)
Refer to Exhibit 5-5. If the airline charges price P1 for both aisle seats and middle seats, the result will be Group of answer choices a surplus of middle seats and the equilibrium quantity of aisle seats.
Answers (1)
If the cpi is 100 in the base year and 108 in the current year, how much did prices rise between the base year and the current year?
Answers (1)
In previous years, Cox Transport reacquired 2 million treasury shares at $20 per share and, later, 1 million treasury shares at $26 per share.
Answers (1)
On January 1, a company issued and sold a $400,000, 7%, 10-year bond payable, and received proceeds of $396,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount.
Answers (1)