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7. A company has the following information: BALANCES ACTUAL 31 DECEMBER 2021 P`000 FORECAST 30 JUNE 2022 P`000 Trade receivables 75 80 Trade payables 47

7. A company has the following information:

BALANCES

ACTUAL 31 DECEMBER 2021

P`000

FORECAST 30 JUNE 2022

P`000

Trade receivables 75 80
Trade payables 47 40
Inventory of raw materials 29 31

The production budget for the six-month period to 30 June 2022 shows that the cost of raw materials to be used in that period will be P331,000. Required:

Calculate the cash that will be paid to suppliers during the six-month period to 30 June 2022. (4 marks)

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