Power Company's income statement for 2021 is given below. If inventory balances are 10000 in 2021 and 4000 in 2020, and if accounts payables balances are 15000 in 2021 and 2000 in 2020. Which of the following is cash payment for COGS (cash inputs)? Sales 75,000 -COGS 55,000 Gross Profit 20,000 -Operating Expenses 8,000 Operating Profit 12,000 -Interest Expense 2,000 Profit before Tax 10,000 -Tax 3,000 Net Profit 7,000 Select one: a. 48000 b. 50000 c. 43000 d. 69000
Power Company's income statement for 2021 is given below. If inventory balances are 10000 in 2021 and 4000 in 2020, and if accounts payables balances are 15000 in 2021 and 2000 in 2020. Which of the following is cash payment for COGS (cash inputs)? Sales 75,000 -COGS 55,000 Gross Profit 20,000 -Operating Expenses 8,000 Operating Profit 12,000 -Interest Expense 2,000 Profit before Tax 10,000 -Tax 3,000 Net Profit 7,000 Select one: a. 48000 b. 50000 c. 43000 d. 69000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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