Question

g sales on account 2,100,000 cash sales 1,110,000 cost of goods sold 1,575,000 What is the amount of cash payments to suppliers reported by one company

Answer 1

$1,464,000

Step-by-step explanation:

Note: The complete question set is attached as picture below

To determine the amount of cash payments to suppliers:

Particulars Amount

Cost of goods sold $1,575,000

Increase in inventory $72,000

Decrease in accounts payable -$183,000

Payment made to suppliers $1,464,000

Therefore, the amount of cash payments to suppliers is $1,464,000.