Question Details

Rader Company had credit sales 



1.	Carter Company reports the following:
	End of Year	Beginning of Year
Inventory	$25,000	$40,000
Accounts Payable	30,000	10,000
If cost of goods sold for the year is $210,000, the amount of cash paid to suppliers is
a.	$215,000.
b.	$205,000.
c.	$175,000.
d.	$245,000.

2.	During the year, Salaries Payable decreased by ¥60,000. If Salary Expense amounted to 
Â¥1 700,000 for the year, the cash paid to employees (including deductions from gross pay) is
a.	¥1,760,000.
b.	¥1,700,000.
c.	¥1,640,000.
d.	¥1,820,000.


	3.	Gary Company reports a $15,000 increase in inventory and a $5,000 increase in accounts payable during the year. Cost of Goods Sold for the year was $160,000. The cash payments made to suppliers were
a.	$160,000.
b.	$170,000.
c.	$140,000.
d.	$155,000.


	4.	Rader Company had credit sales of $550,000. The beginning accounts receivable balance was $40,000 and the ending accounts receivable balance was $140,000. What were the cash collections from customers during the period?
a.	$650,000
b.	$550,000
c.	$450,000
d.	$590,000


5.	Haden Inc. had cash sales of $300,000 and credit sales of $1,050,000. The accounts receivable balance increased $15,000 during the year. How much cash did Haden receive from its customers during the year?
a.	$1,335,000
b.	$1,365,000
c.	$1,035,000
d.	$1,065,000




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