Pharoah company reports a $25000 increase in inventory and a $6200 decrease in accounts payable during the year. cost of goods sold for the year was $349700. using the direct method of reporting cash flows from operating activities, cash payments made to suppliers were

$380,900

Explanation:

We know that

Cost of goods sold = Opening inventory + Purchase - ending inventory

where,

The cost of goods sold is $349,700

Since the inventory is increased the difference between the opening and ending inventory would be $25,000

So, the purchase amount would be

= $349,700 + $25,000

= $374,700

And,

The cash payment to supplier = Beginning Account payable + Purchase  - Ending account payable

Since the account payable  is decreased the difference between the opening and ending inventory would be $6,200

So, the cash payment would be

= $6,200 + $374,700

= $380,900

previous business sales - c.

these are the four factors that influence enterpreneurship development

1. economic development

2. culture

3.technological development

4. education