Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. columbia sportswear company reported cost of goods

Columbia Sportswear Company reported cost of goods sold of U.S. $1,252,680 thousand on its 2015...

90.2K

Verified Solution

Question

Accounting

image

Columbia Sportswear Company reported cost of goods sold of U.S. $1,252,680 thousand on its 2015 income statement. It also reported a increase in inventory of U.S. $88,987 thousand and an increase in accounts payable of U.S. $2,955 thousand. What amount of cash was paid to suppliers, assuming that the company uses a perpetual inventory system and that accounts payable relate to merchandise creditors? Cash paid to suppliers $ thousand

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. Did you find similarities among the different bacterial cultures colony morphology? 2. What are some other...

Biology
Q

1) Choose a characteristic of turbulent flow below. A) Laminar flow B) Produces kinetic energy C)...

Mechanical Engineering
Q

3 2 4 Infinite A person 1 6 m tall is standing at the centre...

Physics
Q

Slitherlink is a puzzle presented as a dotted grid surrounding some numbers Groups of four...

Geometry
Q

A city has a population of 250,000 people. Suppose that each year the population grows...

Basic Math
Q

Graph the equation y = -5|x|. Let x = -3, -2, 1, 0, 1, 2,...

Basic Math
Q

On July 1, 2017, Headland Construction Company Inc. contracted to build an office building for...

Accounting
Q

Chee Chew's portfolio has a beta of 1.25 and earned a return of 13.9% during...

Accounting
Q

Which IFRS standard requires that the cost and thus the value) of the products in...

Accounting
Q

Additional Information for 2024 : 1. Purchased investment in bonds for $104,000 2. Sold land...

Accounting
Q

The ABC Corporation is considering opening an office in a new market area that would...

Finance
Q

til und you woningen Check my work Compute the present value of $5,700 paid in...

Finance