Monty Corporation had January 1 and December 31 balances as follows:1/1/2312/31/23Inventory$89,000$113,400Accounts payable59,10069,100For 2023, the cost of goods sold was $567,000. Calculate Monty's 2023 cash paid to suppliers of inventory.Cash paid to suppliersA

Step 1:Cash paid to suppliers means when the goods are purchased on credit the suppliers will…

Answered: Monty Corporation had January 1 and…

Survey of Accounting (Accounting I)

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Author:Carl Warren

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Chapter9: Metric-analysis Of Financial Statements

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Problem 9.4.5P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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Given the following financial data for XYZ, Inc.: • Inventory on December 31, 2020: $5,000 • Inventory on December 31, 2021: $3,000 • Accounts payable on December 31, 2020: $12,000 Accounts payable on December 31, 2021: $15,000 . Cost of goods sold for the year 2021: $50,000 The net cash paid to suppliers of inventory during the year 2021 is: 1) $49,000 2) $55,000 3) $45,000 4) $51,000 5) None of the above.
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7. Martinez Corporation had January 1 and December 31 balances as follows. 1/1/20 12/31/20 Inventory $94,000 $108,000 Accounts payable 69,000 78,000 For 2020, cost of goods sold was $440,000.Compute Martinez’s 2020 cash payments to suppliers. Cash payments to suppliers $
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vaibhav Subject - Accounting
Nabo Corporation reports the following balances: As of 12/31/23 40,000 80,000 60,000 20,000 Accounts Receivable Inventory Accounts Payable Unearned Revenue Sales Cost of Goods Sold Year ended 12/31/23 $167,500 $150,000 $132,500 $152,500 290,000 150,000 How much Cash did Nabo pay for inventory in 2023? As of 12/31/22 35,000 70,000 67,500 27,500 Year ended 12/31/22 250,000 115,000
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1

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Monty Corporation had January 1 and December 31 balances as follows: 1/1/23 12/31/23 Inventory $89,000 $113,400 Accounts payable 59,100 69,100 For 2023, the cost of goods sold was $567,000. Calculate Monty's 2023 cash paid to suppliers of inventory. Cash paid to suppliers A