For Each of the Following Separate Cases, Use the Information

question 150

Essay

For each of the following separate cases, use the information provided to calculate the missing cash inflow or cash outflow:
(a)
$$\begin{array}{l}\begin{array} { | l | r | } \hline\text { Accourts receivable balances: }\\\hline \text { Beginning of year } & \$ 60,000 \\\hline \text { End of year } & 57,000 \\\hline \text { Sales revenue (all on credit) } & 375,000 \\\hline \text { Cash received from customers } & \$------ \\\hline\end{array}\end{array}$$ (b)
$$\begin{array}{l}\begin{array} { | l | r | } \hline \text { Accounts payable balances: }\\\hline \text { Begnning of year } & \$ 42,000 \\\hline \text { End of year } & 45,000 \\\hline \text { Merchandise inventory balances: } & \\\hline \text { Begnning of year } & 50,000 \\\hline \text { End of year } & 47,500 \\\hline \text { Cost of goods sold } & 250,000 \\\hline \text { Cash paid for merchardise inventory } & \$---- \\\hline\end{array}\end{array}$$ (c)
$$\begin{array}{l}\begin{array} { | l | r | } \hline \text { Interest payable balances: }\\\hline \text { Begnnirig of year } & { \$7 , 5 0 0 } \\\hline \text { End of year } & 9,200 \\\hline \text { Interest expense } & 35,000 \\\hline \text { Cash paid for interest } & \$--- \\\hline\end{array}\end{array}$$

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Definitions:

Per-Worker Production Function

A graphical representation that shows the relationship between the amount of output produced per worker and the amount of capital available per worker.

Shape

The external form or appearance of an object, defined by its outline or surface configuration.

Diminishing Marginal Returns to Labor

A principle stating that if the amount of a variable resource (such as labor) increases while other factors are fixed, the additional output generated by the additional input will eventually decrease.

Productivity Growth Slowdown

A period characterized by a decrease in the rate at which the productivity of labor increases over time.