The Amount Owing to Suppliers for Inventory Purchases at the Beginning

question 33

Multiple Choice

The amount owing to suppliers for inventory purchases at the beginning of the year is $118 000 and at the end of the year is $94 000.If total credit purchases of inventory for the year are $160 000,the cash paid to suppliers of inventory for the year is:

• A) $184 000
• B) $66 000
• C) $278 000
• D) $254 000

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Definitions:

Output Devices

Hardware components that convey information from a computer or electronic device to the user or another device, such as printers and monitors.

Display

Electronic device or surface area that visually represents data or images.

Power Consumer

An entity or device that uses a large amount of electrical power, often considered in the context of energy efficiency and conservation.

Mobile Computing

The use of portable computing devices, such as smartphones and tablets, that allow for internet and application access on the go.