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During the year, Salaries Payable decreased

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During the year, Salaries Payable decreased 1. Squeeze Company reports the following: End of Year Beginning of Year Inventory $25,000 $42,000 Accounts Payable 22,000 12,000 If cost of goods sold for the year is $220,000, the amount of cash paid to suppliers is a. $227,000. b. $205,000. c. $193,000. d. $247,000. 2. During the year, Salaries Payable decreased by $5,000. If Salary Expense amounted to $174,000 for the year, the cash paid to employees (including deductions from gross pay) is a. $179,000. b. $174,000. c. $169,000. d. $184,000. 3. Ale Company reports a $16,000 increase in inventory and a $8,000 increase in accounts payable during the year. Cost of Goods Sold for the year was $150,000. The cash payments made to suppliers were a. $150,000. b. $158,000. c. $126,000. d. $174,000. 4. LRRP Company had credit sales of $650,000. The beginning accounts receivable balance was $15,000 and the ending accounts receivable balance was $140,000. What were the cash collections from customers during the period? a. $775,000 b. $650,000 c. $525,000 d. $665,000 5. Marke Inc. had cash sales of $400,000 and credit sales of $1,150,000. The accounts receivable balance increased $30,000 during the year. How much cash did Hark receive from its customers during the year? a. $1,520,000 b. $1,120,000 c. $1,550,000 d. $780,000 Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

During the year, Salaries Payable decreased

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