Wireless Technologies Reports Cost of Goods Sold of $40 Million

question 22

Multiple Choice

Wireless Technologies reports cost of goods sold of $40 million.Inventory at the beginning and end of the year are $4 million and $3 million,respectively.Accounts payable at the beginning and end of the year are $3 million and $6 million,respectively.What is the amount of cash paid to suppliers?

• A)$40 million.
• B)$36 million.
• C)$44 million.

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Definitions:

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CPM

An advertising metric that stands for Cost Per Thousand (Mille) impressions, measuring the cost of displaying an ad to a thousand viewers.

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A short, attention-grabbing video advertisement broadcast on television, intended to inform, persuade, or remind viewers about a product or service.