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Rader Company had credit sales

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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 ¥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 Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Rader Company had credit sales

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