Determine the amount of cash paid to suppliers of merchandise for each of the nine independent situations below. All dollars are in millions. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Situation Cost of Goods sold Inventory Increase Accounts Payable (Decrease) Increase (Decrease) 1. 50 0 0 2 50 1.0 3 50 (1.0) 0 4 50 0 4.0 5 50 0 (4.0) 6 50 1.0 4.0 7 50 1.0 (4.0) 8 50 (1.0) (4.0) 9 50 (1.0) 4.0 Cash Paid to Suppliers
Determine the amount of cash paid to suppliers of merchandise for each of the nine independent situations below. All dollars are in millions. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Situation Cost of Goods sold Inventory Increase Accounts Payable (Decrease) Increase (Decrease) 1. 50 0 0 2 50 1.0 3 50 (1.0) 0 4 50 0 4.0 5 50 0 (4.0) 6 50 1.0 4.0 7 50 1.0 (4.0) 8 50 (1.0) (4.0) 9 50 (1.0) 4.0 Cash Paid to Suppliers
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:Determine the amount of cash paid to suppliers of merchandise for each of the nine independent
situations below. All dollars are in millions.
Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered
as 5.5).
Situation
Cost of Goods sold
Inventory Increase
Accounts Payable
(Decrease)
Increase (Decrease)
1.
50
0
0
2
50
1.0
3
50
(1.0)
0
4
50
0
4.0
5
50
0
(4.0)
6
50
1.0
4.0
7
50
1.0
(4.0)
8
50
(1.0)
(4.0)
9
50
(1.0)
4.0
Cash Paid to
Suppliers
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