Toshyo purchases an inventory of spare parts on credit from its suppliers for $15 000. During...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Toshyo purchases an inventory of spare parts on credit from its suppliers for $15 000. During the month Toshyo pays its suppliers $10 000 and sells spare parts (which cost the business $8 000) to its customers on credit for $20 000. Customers pay Toshyo $12 000 during the month. By how much as cash increased? Toshyo purchases an inventory of spare parts on credit from its suppliers for $15 000. During the month Toshyo pays its suppliers $10 000 and sells spare parts (which cost the business $8 000) to its customers on credit for $20 000. Customers pay Toshyo $12 000 during the month. By how much as cash increased?
Expert Answer:
Answer rating: 100% (QA)
Toshyo purchases inventory on credit 15000 no immediate cash impact as its on credit Toshyo pays su... View the full answer
Related Book For
Vector Mechanics for Engineers Statics and Dynamics
ISBN: 978-0073398242
11th edition
Authors: Ferdinand Beer, E. Russell Johnston Jr., David Mazurek, Phillip Cornwell, Brian Self
Posted Date:
Students also viewed these accounting questions
-
need the debit balance amount on the post closing trial balance below Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Land Furniture Accumulated Depreciation-Furniture...
-
The adjusted trial balance of Elmo Real Estate Appraisal at June 30, 2016, follows: Requirements 1. Prepare the companys income statement for the year ended June 30, 2016. 2. Prepare the companys...
-
The adjusted trial balance of Estella Real Estate Appraisal at June 30, 2016, follows: Requirements 1. Prepare the companys income statement for the year ended June 30, 2016. 2. Prepare the companys...
-
Solve the following initial value problem. y" + 2y + 17y=0; y(0) = 1, y'(0) = -1
-
The cash account for Cabrillo Co. at March 1, 2008, indicated a balance of $10,676.67. During March, the total cash deposited was $39,146.38, and checks written totaled $42,918.40. The bank statement...
-
Two products are manufactured on two sequential machines. The following table gives the machining times in minutes per unit for the two products. The daily production quotas for the two products are...
-
Consider a source of flow in \(3 \mathrm{D}\) of strength \(S\) (dimensions \(L^{3} / T\) ), Then the flow is axisymmetric and independent of the \(\theta\)-direction in the spherical coordinate...
-
Young, Martinez, and Cheung (YMC) is a law firm in Chicago. The firm has had a very loose and relaxed management style that has served it well in the past. However, more aggressive law firms have...
-
Using the account details provided below, prepare a single-step Income Statement for Chariot Consulting's fiscal year end. List each applicable account on a separate line. Account Balance Accounts...
-
For each of the following lists of premises, derive the conclusion and supply the justification for it. There is only one possible answer for each problem. (1) 1. G F 2. F 3. _______ ____ (2) 1. S...
-
A company in the civil engineering industry with headquarters in Johannesburg undertakes contracts anywhere in South Africa. The company has had its tender for a job in the North West Province...
-
Rage For The Machine, Inc. budgeted $ 1 0 , 0 0 0 in overhead, actually incurred $ 1 1 , 0 0 0 in overhead, has a pre - determined overhead rate of $ 5 per direct labor hour, and used 2 , 5 0 0...
-
What role does technological innovation play in improving the standard of living, and how can governments and private enterprises incentivize and support innovation?
-
) Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative preferred 3% stock, $20 par, and 31,000 shares of $75 par common....
-
Discuss the impact of pharmacogenomics on personalized medicine and its implications for pharmacy practice.
-
Question 6 4 pts MEF Corporation had $600,000 in net income for the year ended December 31, 2018. What is Earnings per Share (in dollars and cents) if the company had 200,000 shares of common stock...
-
The following accounts are from the Green, Tan, and Brown Partnership's adjusted trial balance for the year ended December 31. $ 45,000 Green, Capital 40,000 Tan, Capital 6,600 Long-term notes...
-
Pearson Education, a publisher of college textbooks, would like to know if students prefer traditional textbooks or digital textbooks. A random sample of students was asked their preference and the...
-
Two cables are tied together at C a nd are loaded as shown. Determine the tension (a) In cable C, (b) In cable BC. 30 50 400 lb
-
For the plate of Problem 4.41 the reaction at F must be directed downward, and its maximum allowable value is 20 lb. Neglecting friction at the pins, determine the required range of values of P....
-
A hot-metal ladle and its contents weigh 130 kips. Knowing that the coefficient of static friction between the hooks and the pinion is 0.30, determine the tension in cable AB required to start...
-
In Example 16.3, we illustrate the calculation of the likelihood function for the probit model in a small example. In this exercise, we will repeat that example using logit instead of probit. The...
-
In this exercise, we generalize the results in Exercise 16.5. Consider a logit model with only an intercept, \(P(y=1)=\Lambda\left(\gamma_{1} ight)\), where \(\Lambda(\bullet)\) is the logistic \(c d...
-
We are given three observations on binary choice with \(y_{1}=1, y_{2}=1, y_{3}=0\). Consider a logit model with only an intercept, \(P(y=1)=\Lambda\left(\gamma_{1} ight)\), where...
Study smarter with the SolutionInn App