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Use the direct method of cash flows to answer the question.
Beginning A/R: $68,000 Beginning Inventory: $42,500
Ending A/R: $79,000 Ending Inventory: $47,000
Credit Sales: $745,000 Beginning A/P: $29,000
Cost of Goods Sold: $412,000 Ending A/P: $36,300
Calculate the cash paid for merchandise for the year.
Continuously
describes an action or process that occurs in an unbroken, uninterrupted manner over a period of time.
Certain Range
A specific and defined span of values or conditions within which a variable or function is expected to operate or exist.
RAM Memory
Random Access Memory, a type of computer memory that can be accessed randomly, used for storing operating data and machine code.
Nonvolatile
Describes a type of memory or storage that retains data even when power is turned off, opposite to volatile memory which loses its content when power is lost.
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