A company has the following information: Balances Trade receivables Trade payables Inventory of raw materials Actual...
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A company has the following information: Balances Trade receivables Trade payables Inventory of raw materials Actual 31 December 2021 Forecast 30 June 2022 P'000 80 40 31 P'000 75 47 29 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) State and explain five functions of a financial system. Briefly explain the role of financial markets in the financial system. (10 marks) (4 marks) A company has the following information: Balances Trade receivables Trade payables Inventory of raw materials Actual 31 December 2021 Forecast 30 June 2022 P'000 80 40 31 P'000 75 47 29 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) State and explain five functions of a financial system. Briefly explain the role of financial markets in the financial system. (10 marks) (4 marks)
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The detailed answer for the above question is provided below Cash Paid to Suppliers Trade Payables a... View the full answer
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Posted Date:
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