Answer:
$164500
Step-by-step explanation:
From the given information:
Decrease in inventory = Beginning inventory - Ending inventory
Decrease in inventory = $18000 - $13000
Decrease in inventory = $5000
Decrease in account payable = $19,000 - $7,500
Decrease in account payable = $11500
The amount of cash paid to suppliers is computed as:
Cost of goods sold $158000
Less: Decrease in inventory - 5000
Add: decrease in accounts payable + 11500
The amount of cash paid back to suppliers: $164500
This question is based on the increment decrement of cost of goods sold.
Therefore, the amount of the cash paid to suppliers is $164500.
Given:
Cost of Goods Sold is $158,000. Beginning and ending Inventory balances are $18,000 and $13,000. The beginning and ending accounts payable balances are $19,000 and $7,500.
We have to calculated the amount of the cash paid to suppliers.
Now, we have to calculated the decrement in inventory.
Decrement in inventory = Beginning inventory - Ending inventory
Decrement in inventory = $18000 - $13000
Decrement in inventory = $5000
Now, we have to calculated the decrement in amount payable.
Decrement in Accounts Payable = Beginning Accounts Payable
- Ending Accounts Payable
Decrement in account payable = $19,000 - $7,500
Decrement in account payable = $11500
The amount of cash paid to suppliers is calculated as:
Amount of cash paid to suppliers = Cost of Goods Sold - Decrement in inventory + Decrement in account payable
Amount of cash paid to suppliers = $158,000 - $5000 + $11500
= $164500
Therefore, the amount of the cash paid to suppliers is $164500.
For more details, please prefer this link:
https://brainly.com/question/18946014
