Determine the Increase or Decrease in Cash for Rinky Supply

question 25

Short Answer

Determine the increase or decrease in cash for Rinky Supply Company for last year, given the following information.(Assume no other changes occurred during the past year.) $\begin{array} { l l l } \text { Decrease in marketable securities } & = & \$ 25 \\\text { Increase in accounts receivables } & = & \$ 56 \\\text { Increase in notes payable } & = & \$ 30 \\\text { Decrease in accounts payable } & = & \$ 20 \\\text { Increase in accrued wages and taxes } & = & \$ 35 \\\text { Increase in inventories } & = & \\\text { Retained earnings } & = & \\\end{array}$

a.- $ 50
b. + $ 40
c. - $ 30
d. + $ 20
e. - $ 10

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Definitions:

Differentiated Products

Goods or services that are distinguished from each other based on quality, features, or branding, making them non-identical from a consumer's perspective.

Elastic Demand

A situation where the demand for a product is sensitive to price changes, meaning small price changes lead to large changes in quantity demanded.

Barriers To Entry

Factors that prevent or hinder new competitors from easily entering an industry or area of business, often maintaining high levels of profit for those already established.

Product Differentiation

The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.