Power Company's income statement for 2021 is given below. If inventory balances are 10000 in 2021 and 3000 in 2020, and if accounts payables balances are 14000 in 2021 and 2000 in 2020. Which of the...



Power Company's income statement for 2021 is given below. If inventory balances are 10000 in 2021 and 3000 in 2020, and if accounts payables balances are 14000 in 2021 and 2000 in 2020. Which of the following is cash payment for COGS (cash inputs)?









































Sales       75,000
-COGS       55,000
Gross Profit       20,000
-Operating Expenses         8,000
Operating Profit       12,000
-Interest Expense         2,000
Profit before Tax       10,000
-Tax         3,000
Net Profit         7,000








Select one:


a. 69000

b. 50000

c. 60000

d. 73000




Jun 02, 2022
SOLUTION.PDF
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
Have files?