GSW Corp. purchases its inventory from suppliers on account. During the year, its Inventory account increased by $40 million and its accounts payable to suppliers decreased by $10 million.  If cost of goods sold was $650 million, GSW's cash outflows to inventory suppliers totaled:

Q: Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days…

A: To complete this  we have to use the following formulas -   Cash Conversion cycle = Debtor's…

Q: The Nyameye Manufacturing Company increased its merchandise inventory by GH¢17,000 over the year.…

A:

Q: Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement…

A: Compute the current ratio, accounts receivable turnover, average collection period, inventory…

Q: National Co. has just ended the calendar year making a sale in the amount of P250,000 of merchandise…

A: Net Profit = Sales - Cost of inventory purchased                = P 250,000 - P 150,000…

Q: GSW Corp. purchases its inventory from suppliers on account. During the year, its Inventory account…

A: Cash Flow from Operating Activities is part of cash flow statements. It includes Cash flow from…

Q: Suppose a recent income statement for McDonald’s Corporation shows cost of goods sold $4,852.7…

A: Formula: Cash payments for operating expenses = Operating expenses + increase in prepaid expenses -…

Q: Provided the following information: Sales =$1,440,000, Cost of Goods Sold= $1,100,000,…

A:

Q: ssets ans

A: Sales to asset ratio = Net Sales / Total Asset Operating Profit Margin Ratio = (Operating Income /…

Q: recent income statement for McDonald's Corporation shows cost of goods sold $4,852.7 million and…

A: Answer: Formula: Cash payments for operating expenses: = Operating expenses + Increase in prepaid…

Q: Additional information: ROSO COMPANY INCOME STATEMENT Instructions FOR THE YEAR ENDED DECEMBER 31,…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: GSW Corp. purchases its inventory from suppliers on account. During the year, its Inventory account…

A: Cash Outflow - It is the amount paid by the company to its supplier / lenders or other different…

Q: The Tamaraw Corporation is trying to determine the effect of its inventory turnover ratio and DSO on…

A: Answer -  Part 1 - Computation of Tamaraw’s cash conversion cycle -    Cash Conversion Cycle = Days…

Q: The following information is available for a company. What amount of cash is paid for inventory for…

A: Inventory: Inventories are the primary materials which are used in the production process to get…

Q: The Nelson Company has $1,312,500 in current assets and $525,000 in current liabilities. Its nitial…

A: Solution Given The changed values for this problem are Current assets 1374184 Current…

Q: Bold Stapler Sales Company (BSS) began 2021 with cash of $80,000, inventory of $7,200 (400 staplers…

A:

Q: ational Co. has just ended the calendar year making a sale in the amount of P250,000 of merchandise…

A: Net profit refers to the final sum of money earned or gained by an entity in the desired period for…

Q: Taft Technologies has the following relationships: annual sales $1,200,000 current liabilities…

A: On a balance statement, total current assets refers to the total amount of cash, receivables,…

Q: Tulip Company provided the following information for the current year: Sales 9,500,000 250,000…

A: Income statement: Income statement determines the net income of the business by subtracting the…

Q: Calculate the amount of: (a)Cost of goods available for sale (b)Cost of goods sold during the year…

A: Introduction: The cost of goods sold refers to the direct costs of manufacturing the commodities…

Q: The estimated inventory amount is: * The current assets of Bulldogs Inc. consists of cash, accounts…

A: Inventory Inventory refers to the assets of the company which are used for further production of…

Q: Tulip Company provided the following information for the current year: Sales 9,500,000 250,000…

A:

Q: Sword Co. has just ended the calendar year making a sale in the amount of P250,000 of merchandise…

A: SOLUTION FORMULA = 1-NET PROFIT = SALES - COST . 2- CASH FLOW = COLLECTION AMOUNT RECEIVED - COST…

Q: Libscomb Technologies' annual sales are $6,615,140 and all sales are made on credit, it purchases…

A: The question is based on the concept of financial ratios

Q: Sales $200,000 Interest expenses $10,000 Tax $5,000 Administration expenses $2,000 Advertisement…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: omparative Income Statement For the Years Ended December 31, 2019 and 2020   2019 2020 Sales…

A: Given:    Additional Information for 2020:   Cash Dividend Declared and Paid $4,000…

Q: Tomatsui Company provided the following annual data: Sales P3,500,000 Cost of Sales P2,275,000…

A: Incase of calculation of minimum cash balance there is a simple way to calculate exactly how much…

Q: The Tamaraw Corporation is trying to determine the effect of its inventory turnover ratio and DSO on…

A: Answer -  Part 1 - Cash Conversion Cycle - Inventory conversion period + average collection period…

Q: Samaritan Supplies, Inc. has P5 million in inventory and P2 million in accounts receivable. Its…

A: The inventory conversion period is the time period a firm takes to sell out its inventory. The firms…

Q: he table below contains selected financial information from recent financial statements of KBI Toys…

A: Financial ratios are used to check different aspects of a company - liquidity, solvency, etc. They…

Q: Taft Technologies has the following relationships: Annual sales 1,200,000.00 Current liabilities…

A: A balance sheet is a statement which provides financial data related to the assets, liabilities and…

Q: Oriole Ltd. reported the following for the fiscal year 2021: ORIOLE LTD. Income Statement Year Ended…

A: Cash flow statement records the cash inflows and cash outflows of the company. Cash flow statement…

Q: If a firm’s beginning inventory is $70,000, goods purchased during the period cost $260,000, and the…

A: Beginning inventory $70,000 Goods purchased during the period $2,60,000 Cost of goods available…

Q: LaRoe Lawns’ inventory increased during the year by $6 million. Its accounts payable increased by $5…

A: Merchandise purchases = Cost of goods sold + Increase in Inventory = $25 million + $6 million = $31…

Q: Taft Technologies has the following relationships: annual sales $1,200,000 current liabilities…

A: The total current assets consist of cash, inventories, and accounts receivables. The inventory…

Q: During the fiscal year 20x4, the initial inventory of the goods of company A is 15.000 €, purchases…

A: Cost of sales = Beginning inventory + Purchases - Closing inventory

Q: National Co. has P5 million in inventory and P2 million in accounts receivable. Its average daily…

A: Inventory conversion period = Inventory/Average daily cost of goods sold   Note :- In case cost of…

Q: Nana Adom Company Limited is a wholesale company that deals in general goods. the following…

A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…

Q: GSW Corp. purchases its inventory from suppliers on account. During the year, its Inventory account…

A: The question says that the balance of inventory is decreased by $40 Million, so if we assume that…

Q: During 2020 Quail, Inc. had sales of $86,000. In addition, during 2020 Quail received $4,000 in cash…

A: Net sales means the amount of revenue earned and cost of goods sold means the cost of goods which…

Q: The Brick Company had cash sales of $226,200 for Year 1, its first year of operation. On April 2,…

A: Calculation of units sold:   Units First purchase 164 Second Purchase 123 Closing inventory…

Q: The following five transactions occurred in 2018: First purchase (cash) 150 units @ $155 Second…

A: Step 1:   Compute per unit cost as follows:

Q: Himantayon Company provided the following information for the current year: Beginning inventory…

A: Gross purchase is the sum of the net purchase and purchase return. The net purchase can be…

Q: Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days…

A: Step 1: Compute the CCC (cash conversion cycle) as follows:

Q: The Nyameye Manufacturing Company increased its merchandise inventory by GH¢17,000 over the year.…

A: Cost of goods sold = Sales - gross profit = GH¢975,000 - GH¢975,000*45% = GH¢536,250 Purchase of…

Q: National Co. has the following relationships: P1,200,000.00 P 375,000.00 40.00 4.80 1.20 Annual…

A: Inventory turnover is the rate that inventory stock is sold, or used, and replaced. The inventory…

Q: The income statement of Cooper, Inc. includes the items listed below:   Net sales $900,000 Gross…

A: The cost of goods sold is the difference between the net sales and the gross profit.