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Below are data from the manufacturing budget and budgeted financial statements of Taylor Corp What wer budgeted cash payments to suppliers for the year? Direct
Below are data from the manufacturing budget and budgeted financial statements of Taylor Corp What wer budgeted cash payments to suppliers for the year? Direct materials inventory, 1/1 Direct materials inventory, 12/31 Direct materials budgeted for use during year Accounts payable to suppliers, 1/f Accounts payable to suppliers, 12/31 84,000 100,000 342,000 52,000 62,000 a. $332,000 b. $342,000 c. $348,000 d. $352,000 81. Shoreline Corp, has budgeted $361,800 in costs and expenses for the upcoming quarter Of this amount, $45,000 represents depreciation expense and $7,300 represents the expiration of prepayments. Shoreline's current payables balance is $265,000 at the beginning of the quarter. Budgeted payments on current payables for the quarter amount to $370,000. What is Shoreline's estimated current payables balance at the end of the quarter? a. $179,500 b. $203,500 c. $204,500 d. $310,000
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