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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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