Information for the year ending 30 June 2020 is as follows:- Sales R800 000 Profit before tax

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Information for the year ending 30 June 2020 is as follows:-

Sales R800 000

Profit before tax R186 000

Closing accounts payable R45 000

Opening accounts payable R63 000

Opening inventory R92 000

Closing inventory R88 000

Dividends received R24 000

Finance charges R8 400

Expense paid in advance 2020 R21 000

Calculate the cash payments to employees and suppliers for the year ending 30 June 2020?

Select one:

a. R636 600

b. R644 600

c. R628 600

d. None of the other answers

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324312140

16th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: Oct 19, 2020 01:30 PM

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Information for the year ending 30 June 2020 is as follows:- Sales R800 000 Profit before tax

Question:

Expert Answer:

Answer is Option D None of other answers Explanation Co... View the full answer

Intermediate Accounting

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