A companys cost of sales in its statement of profit or loss for the year ended 31

Question:

A company’s cost of sales in its statement of profit or loss for the year ended 31 October 20X5 is £105,066. Inventory at 31 October 20X4 is £6,430 and at 31 October 20X5 is

£5,757. Accounts payable at 31 October 20X4 are £9,204 and at 31 October 20X5 are

£8,580. LO4 What are the purchases for the year?

Assuming all purchases are made on credit, what cash has the company paid to suppliers during the year?

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

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting Reporting And Analysis

ISBN: 9780198745310

2nd Edition

Authors: Jennifer Maynard

See More Books

Question Posted: Jul 04, 2024 11:04 AM

See More Questions

download in the attach file and work on...
Assap tutors guide me on this question 33 A company values its inventory using the FIFO method. At 1 May 20X5 the company had 700 engines in inventory, valued at $190 each. During the year ended 30...
please guide on this question 33 A company values its inventory using the FIFO method. At 1 May 20X5 the company had 700 engines in inventory, valued at $190 each. During the year ended 30 April 20X6...
Given an $n$-by- $n$ subarray of black (1) and white (0) pixels, design a linear-time algorithm that finds the largest square subarray that contains no white pixels. In the following example, the...
Reconsider the example illustrating the use of robust optimization that was presented in Sec. 7.4. Wyndor management now feels that the analysis described in this example was overly conservative for...
A massless rigid rod of length L has a ball of mass m attached to one end (Figure). The other end is pivoted in such a way that the ball will move in a vertical circle. First, assume that there is no...
Compute MHR from the following data. Cost of the machine Rs 1,00,000 Installation charges Rs 10,000 Estimated scrap value after the expiry of its life (15 years) Rs 5,000 Rent and rates for the shop...
Two coils are close to each other. The first coil carries a time varying current given by I (t) = (5.00 A) e-0.025 0t sin (377t). At t = 0.800 s, the emf measured across the second coil is -3.20 V....
On May 2, 2020, Ramacos Canada purchased a new machine for manufacturing hunting riffles for $115,000. The company expects the machine to last for 4 years or 30,000 units of production, with an...
A companys rent expense in its statement of profit or loss is 35,100. Opening and closing prepayments are 8,460 and 9,000 respectively. What cash has the company paid for rent in the year? LO4
A companys credit sales are 45,678 during 20X8. Accounts receivable at 1 January 20X8 are 4,602 and at 31 December 20X8 are 5,709. What cash has the company received from its credit customers during...
Assume that you have just entered the university and wish to select an area of study. a. Using B/C analysis only, what would your decision be? b. How would your decision change if you used C-E...
Your friend Amber has approached you seeking advice concerning two investment opportunities that she is presently considering. Her classmate Simone has asked her for a loan of $5,000 to help...
Please read the following carefully. For each question on the exam, you should assume that: 1. unless expressly stated to the contrary, all events occurred in ?the current taxable year;? 2. all...
The pulse rates of 152 randomly selected adult males vary from a low of 37 bpm to a high of 117 bpm. Find the minimum sample size required to estimate the mean pulse rate of adult males. Assume that...
Can I get clear explanation how to work these. Thanking you in advance. 1. A rod 12.0 cm long is uniformly charged and has a total charge of -23.0 uC. Determine the magnitude and direction of the...
Poll Results in the Media USA Today provided results from a survey of 1144 Americans who were asked if they approve of Brett Kavanaugh as the choice for Supreme Court justice. 51% of the respondents...
Unequal Lives Filkins Fabric Company is considering the replacement of its old, fully depreciated knitting machine. Two new models are available: Machine 190-3, which has a cost of $190,000, a 3-year...
Below is a sample of the data in the file NFLAttendance which contains the 32 teams in the National Football League, their conference affiliation, their division, and their average home attendance....
You are evaluating a new project for the firm you work for, a publicly listed firm. The firm typically finances new projects using the same mix of financing as in its capital structure, but this...
state, "The subscription price during a rights offering is normally r; lower ; lower r; higher er; higher than the rights-on price and
Arnold inc. is considering a proposal to manufacture high end protein bars used as food supplements by body builders. The project requires an upfront investment into equipment of $1.4 million. This...

A companys cost of sales in its statement of profit or loss for the year ended 31

Question:

Step by Step Answer:

Financial Accounting Reporting And Analysis

Students also viewed these Business questions