Colie Company Had an Increase in Inventory of $120,000

question 49

Multiple Choice

Colie Company had an increase in inventory of $120,000. The cost of goods sold was $490,000. There was a $30,000 decrease in accounts payable from the prior period. Using the direct method of reporting cash flows from operating activities, what were Colie's cash payments to suppliers?

• A) $640,000.
• B) $580,000.
• C) $370,000.
• D) $310,000.

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PEST Analysis

A strategic business tool used to identify and analyze the Political, Economic, Social, and Technological factors that could impact an organization.

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Negative public or political reaction to the practice of moving business processes or services to another country to reduce costs.

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Permission to use another company’s trademarks, patents, copyrights, and expertise according to a strict template setting out the way it does business.

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Purchasing goods or services from another country to be sold in a company’s home market.