Trade creditors at the start of January are ( 12,500). They are all paid during January. During
Question:
Trade creditors at the start of January are \(£ 12,500\). They are all paid during January. During the month, goods costing \(£ 18,000\) are purchased, and at the end of January there is an amount of \(£ 13,600\) owing to trade creditors. State the amount of cash paid to trade creditors during January.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
To calculate how much cash was paid to trade creditors in January we need to know the begi...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
Financial And Management Accounting An Introduction
ISBN: 9780273789215
6th Edition
Authors: Prof Pauline Weetman
Question Posted:
Students also viewed these Business questions
-
A company has 1,000 units of finished goods held in stock at the start of the month. It produces a further 4,000 units during the month and sells 4,200. How many units are in store at the end of the...
-
Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...
-
Refer to the XYZ Company case. From the corresponding exercise in Chapter 3, review the design of a spreadsheet that will allow an analyst to predict monthly cash needs and profitability for the...
-
Marsden Corp has developed a new strategic plan after rushing defective products to market hurt the company's sales and image. The strategic plan's initiatives are to focus on quality and develop...
-
The nucleus of 21'PO decays radioactively by emitting an alpha particle (mass 6.65 X 10-27 kg) with kinetic energy 1.23 X 10-12 J, as measured in the laboratory reference frame. Assuming that the Po...
-
Discuss how perishability affects hospitality operations. LO.1
-
Is the contractor willing to provide names, addresses, and phone numbers of satisfied customers?
-
In Figure a frictionless roller-coaster car of mass m - 825 kg tops the first hill with speed v0 = 17 .0 m/s at height h = 42.0 m. How much work does the gravitational force do on the car from that...
-
A lease agreement that qualifies as a finance lease calls for annual lease payments of $ 1 0 , 0 0 0 over a five - year lease term ( also the asset s useful life ) , with the first payment on January...
-
A storeroom is used to organize items stored in it on N shelves. Shelves are numbered from 0 to N-1. The K-th shelf is dedicated to items of only one type, denoted by a positive integer A[K]....
-
The cost of indirect materials in any month is \(40 \%\) variable (varying with direct labour hours) and \(60 \%\) fixed. The total cost of indirect materials during the month of March was budgeted...
-
The sales budget for the BeeSee Company for the first six months of the year is: There are no debtors at the start of January. One month's credit is allowed to customers. What is the budgeted cash...
-
Dale owns business equipment with a $100,000 FMV and an adjusted basis of $60,000. The property was originally acquired for $150,000. Which one of the following transactions would result in...
-
Sample for a Poll There are 30,488,983 Californians aged 18 or older. If The Gallup organization randomly selects 1068 adults without replacement, are the selections independent or dependent? If the...
-
Part A: You have successfully graduated Conestoga College and have joined a public accounting firm in their tax department. You have been assigned to work on a project with Emily Wilson, one of the...
-
Write a program that gets a list of integers from input, and outputs negative integers in descending order (highest to lowest). Ex: If the input is: 10 -7 4-39 -6 12 -2 the output is: -2-6-7-39 For...
-
The manager of a division that produces add-on products for the automobile industry had just been presented the opportunity to invest in two independent projects. The first is an air conditioner for...
-
4. We are interested in the effect on test scores of the student-teacher ratio (STR). The following regression results have been obtained using the California data set. All the regressions used...
-
Steam is throttled from 7 MPa and 500C to a pressure of 1 MPa. Determine the decrease in exergy of steam during this process. Assume the surroundings to be at 25C.
-
A condenser (heat exchanger) brings 1 kg/s water flow at 10 kPa quality 95% to saturated liquid at 10 kPa, as shown in Fig. P4.91. The cooling is done by lake water at 20C that returns to the lake at...
-
Prepare bookkeeping records for the information in question B11.2. Data From question B11.2: General Engineering Ltd receives a government grant for 60,000 towards employee training costs to be...
-
Prepare bookkeeping records for the information in question B11.2. Data From question B11.2: General Engineering Ltd receives a government grant for 60,000 towards employee training costs to be...
-
Prepare bookkeeping records for the information in question B11.2. Data From question B11.2: General Engineering Ltd receives a government grant for 60,000 towards employee training costs to be...
-
This short exercise demonstrates the similarity and the difference between two ways to acquire plant assets. (Click the icon to view the cases.) Compare the balances in all the accounts after making...
-
Balance sheet and income statement data for two affiliated companies for the current year appear below: BALANCE SHEET As at December 31, Year 6 Albeniz Bach Cash $ 40,000 $ 21,000 Receivables 92,000...
-
please reference excel cells Caroll Manufacturing company manufactures a single product. During the past three weeks, Caroll's cost accountant observed that output costs varied considerably. The...
Study smarter with the SolutionInn App