subject
Business, 18.03.2021 01:30 SMNS625

The following information was taken from the 2021 financial statements of Sheffield Corp.: Inventory, January 1, 2021 $ 189000 Inventory, December 31, 2021 239000 Accounts payable, January 1, 2021 147000 Accounts payable, December 31, 2021 239000 Sales revenue 1300000 Cost of goods sold 797000 If the direct method is used in the 2021 statement of cash flows, what amount should Sheffield report as cash payments to suppliers

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
Jurvin enterprises is a manufacturing company that had no beginning inventories. a subset of the transactions that it recorded during a recent month is shown below. $76,700 in raw materials were purchased for cash. $71,400 in raw materials were used in production. of this amount, $66,300 was for direct materials and the remainder was for indirect materials. total labor wages of $151,700 were incurred and paid. of this amount, $134,300 was for direct labor and the remainder was for indirect labor. additional manufacturing overhead costs of $126,300 were incurred and paid. manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate. all of the jobs in process at the end of the month were completed. all of the completed jobs were shipped to customers. any underapplied or overapplied overhead for the period was closed to cost of goods sold.required: 1. post the above transactions to t-accounts.2. determine the cost of goods sold for the period.
Answers: 1
question
Business, 21.06.2019 22:50
Assume that the governance committee states that all projects costing more than $70,000 must be reviewed and approved by the chief information officer and the it senior leadership team (slt). at this point, the cio has the responsibility to ensure that management processes observe the governance rules. for example, the project team might present the proposed project in an slt meeting for a vote of approval. what does this scenario illustrate about organizational structure?
Answers: 2
question
Business, 22.06.2019 00:30
What are six resources for you decide which type of business to start and how to start it?
Answers: 3
question
Business, 22.06.2019 05:30
Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.
Answers: 1
You know the right answer?
The following information was taken from the 2021 financial statements of Sheffield Corp.: Inventory...
Questions
question
French, 30.08.2020 02:01
question
Social Studies, 30.08.2020 02:01
question
Mathematics, 30.08.2020 02:01
question
Mathematics, 30.08.2020 02:01
question
Geography, 30.08.2020 02:01
question
English, 30.08.2020 02:01
question
Biology, 30.08.2020 02:01
question
Mathematics, 30.08.2020 02:01