Purchases on credit during Year 3 amount to 20m. The trade payables (creditors) at the start of

Question:

Purchases on credit during Year 3 amount to £20m. The trade payables (creditors) at the start of Year 3 were £6m. The trade payables (creditors) at the end of Year 3 were £4m. What is the amount of cash paid to suppliers during Year 3?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial and Management Accounting

ISBN: 978-1292086590

7th edition

Authors: Pauline Weetman

See More Books

Question Posted: Jan 25, 2018 01:34 AM

See More Questions

Sales on credit during Year 2 amount to 120m. The trade receivables (debtors) at the start of Year 2 were 8. The trade receivables (debtors) at the end of Year 2 were 10. What is the amount of cash...
It is July 15, 2014. You, a junior accountant at a small accounting firm, go over your notes from your afternoon meeting with Marco Douga. Marco came to your office looking for help with his...
Massachusetts Stove Company manufactures wood-burning stoves for the heating of homes and businesses. The company has approached you, as chief lending officer for the Massachusetts Regional Bank,...
A. What is the expected dividend in two years? Suppose NI = $85,000 B. What is Samsung's WACC? Samsung's capital structure is 65% ordinary equity and 35% debt. He has operating assets equal to...
A horizontal force acts on the end of the link as shown. Determine the angles 1 and 2 for equilibrium of the two links. Each link is uniform and has a mass m.
What is the principal advantage and the principal disadvantage of the direct method of reporting cash flows from operating activities?
What are phase exits, stage gates, and kill points? What purpose do they serve? AppendixLO1
In March 2018, the management team of Londonderry Air (LA) met to discuss a proposal to purchase five shorthaul aircraft at a total cost of $25 million. There was general enthusiasm for the...
The SP Corporation makes 4 3 , 0 0 0 motors to be used in the production of its sewing machines. The average cost per motor at this level of activity is: \ table [ [ Direct materials,$ 1 0 . 2 0
4. Identify three (3) anthropometric design examples (at work, school, home, etc.) corresponding to the three (3) anthropometric design approaches (design for extremes, design for adjustability, and...
What are the relative benefits of the direct method compared to the indirect method?
The equipment at cost account at the start of Year 2 records a total of 34m. The equipment at cost account at the end of Year 2 records a total of 37m. An asset of original cost 5m was sold during...
D. G. Hernanderz Equipment's account register is shown in Figure 4 - 62. Reconcile the bank statement in Figure 4 - 61 with the account register in Figure 4 - 62 Use the account reconciliation from...
3. Different positions of Vermiform appendix.
Define Image?
What is Dynamic Range?
Define Brightness?
What is Chromatic Adoption?
The mean length of long-distance telephone calls placed with a particular phone company was known to be 7.3 min under an old rate structure. In an attempt to be more competitive with other...
Graph the following conic sections, labeling vertices, foci, directrices, and asymptotes (if they exist). Give the eccentricity of the curve. Use a graphing utility to check your work. 10 5 + 2 cos 0
On reviewing the financial statements, the company accountant discovers that a supplier's invoice for an amount of 10,000 has been omitted from the accounting records. The goods to which the invoice...
The following file of papers was found in a cupboard of the general office of Green Ltd at the end of the accounting year. Explain how each would be treated in the financial statements and state the...
Explain why a provision may be required?
you are analyzing the cost of debt for a firm. Do you know that the firms 14 year maturity, 7.8 Percent coupon bonds are selling at a price of $834. The Barnes pay interest semi annually. If these...
***Please answer the following using excel and showcasing the formulas/calculations used*** thank you so much Financial information on AAA Ltd. is shown below. AAA Ltd. Income Statement For the Year...
2. In an account Anh Paglinawan currently has $216,670.00. At a rate of 8.00% how long will it take for them to have $298,390.00 assuming semi-annually compounding? (Hint: compute the exact years, do...

Purchases on credit during Year 3 amount to 20m. The trade payables (creditors) at the start of

Question:

Step by Step Answer:

All the amounts are in m Purchases on credit during Year 3 amount 20 Add The trade ...View the full answer

Financial and Management Accounting

Students also viewed these Managerial Accounting questions