Determine the Amount of Cash Paid to Suppliers for Each

question 111

Essay

Determine the amount of cash paid to suppliers for each of the four independent situations below.
$$\begin{array} { c c c c c } \text { Situation } & \begin{array} { c } \text { Cost of } \\\text { goods sold }\end{array} & \text { Inventory } & \begin{array} { c } \text { Accounts } \\\text { payable }\end{array} & \text { Cash paid to suppliers } \\1 & \$ 300,000 & \$ 6,000 & \$ \quad 0 & \$ \\2 & 300,000 & 0 & 7,000 & \$ \\3 & 400,000 & 6,000 & 7,000 & \$ \\4 & 400,000 & ( 6,000 ) & ( 7,000 ) & \$\end{array}$$

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Definitions:

2,4,6-trichlorophenol

A chlorinated phenol known for its antiseptic properties, used in the synthesis of pesticides and other chemicals.

Dichlorophenol

A chemical compound consisting of a phenol molecule with two chlorine atoms attached, used in the manufacture of pesticides and disinfectants.

M-xylene

A type of xylene where two methyl groups are attached to a benzene ring in meta positions to each other.

Structure

The arrangement of atoms within a molecule, determining the molecule's shape and chemical behavior.