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...
-
What will excessive oxygen in the boiler water cause to take place?
-
Under what circumstances can the return on sales be used to assess the profitability of a company? Can this ratio be used to compare the profitability of companies from different industries? Explain.
-
The town of Dry Gulch needs an additional supply of water from Pine Creek. The town engineer has selected two plans for comparison: a gravity plan (divert water at a point 10 miles up Pine Creek and...
-
An investment will pay $353 two years from now, $901 four years from now, and $1,803 five years from now. You are going to reinvest these cash flows at a rate of 8.84 percent per year. What is the...
-
A new company is planning to make and sell new cheap smart phones in America. They will sell the phone at $99.99 in a market that potentially buys 1 million smart phones every year. They hope to get...
-
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...
-
What are the hybridization states of the C and N atoms in this molecule? NH2
-
Particle A, located at the origin, carries a charge of \(6.0 \mathrm{nC}\). (a) What is the electrostatic potential (relative to zero potential at infinity) at a position \(r=8.0 \mathrm{~cm}\) from...
-
An electron and a proton are fixed at the vertices of an equilateral triangle with sides of length \(a\). (a) What is the potential (relative to zero at infinity) at the apex of the triangle. \((b)\)...
-
Using information from the Application "Flight Insurance," calculate the price of fair insurance if the probability were as high as 0.00000077 , the frequency in 2001 when many people died in the...
-
(a) What is the potential at a point \(50 \mathrm{~cm}\) away from a point charge with a magnitude of \(3.0 \mathrm{nC}\) ? (b) How would the potential change if you measure the potential at a point...
-
An electron and a proton are held \(2 \mathrm{~m}\) apart. The midpoint between the electron and the proton sets the origin of a coordinate system, with the \(x\) axis pointing toward the proton. (a)...
-
1. The X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2,000 of item X, which costs $25 each. Storage costs, which include...
-
The diagram shows the two forces acting on a small object. Which of the following is the resultant force on the object? A. 8 N downwards B. 8 N upwards C. 2 N downwards D. 2 N upwards 3 N 5 N
-
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...
-
Note:- please send me answer in typed form strictly prohibited hand written solution please send me answer seprately please don't use chatgpt otherwise I will report coursehero
-
CNBC . com reported mortgage applications increased 9 . 9 % due to a decrease in the rate on 3 0 - year fixed - rate mortgages. Joe Sisneros wants to purchase a vacation home for $ 2 9 0 , 0 0 0 with...
-
Q1.List the four main classifications of bonds and differentiate among them. Explain why the market value of an outstanding fixed-rate bond will fall (increase) when interest rates increase (fall)....
Study smarter with the SolutionInn App