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Antium Limited Draws Up Its Statement of Cash Flows Using

question 9

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Antium Limited draws up its statement of cash flows using the direct method. The company presents you with the following figures:
£ Cost of sales for the year to 30 April 2019 888,765Purchases for the year to 30 April 2019 894,321 Trade payables at 30 April 2018 78,650 Discounts received for the year to 30 April 2019 10,225 Trade payables at 30 April 2019 81,254 Purchase returns for the year to 30 April 2019 32,777\begin{array}{lc}& £ \\ \text { Cost of sales for the year to 30 April 2019 } &888,765 \\ \text {Purchases for the year to 30 April 2019 } &894,321 \\ \text { Trade payables at 30 April 2018 } &78,650 \\ \text { Discounts received for the year to 30 April 2019 } &10,225 \\ \text { Trade payables at 30 April 2019 } &81,254 \\ \text { Purchase returns for the year to 30 April 2019 } &32,777\end{array} What was the cash paid to suppliers during the financial year to 30 April 2019?

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Definitions:

Prima Facie Duty

Moral duty that is binding unless overridden by a more compelling moral duty.

Moral Requirement

An ethical obligation or duty that individuals are expected to follow based on moral principles or societal norms.

General Happiness

A state of overall well-being and contentment, often considered as a goal of human life.

Utilitarianism

A theory in normative ethics holding that the best moral action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

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