For Each of the Following Separate Cases, Use the Information

question 221

Essay

For each of the following separate cases, use the information provided to calculate the missing cash inflow or cash outflow using the direct method.
$\begin{array}{c}\begin{array}{|l}\hline \text {(a)}\\\hline\\\hline\\\hline\\\hline\\ \hline\\\hline \text {(b)}\\\hline \\\hline \\\hline \\\hline \\\hline \\\hline \\\hline \\\hline \\\hline \text {(c)}\\\hline \\\hline \\\hline \\\hline \\\hline\end{array}\begin{array}{|l|} \hline \text { Accounts receivable balances:}\\ \hline \text { Beginning of year}\\ \hline \text { End of year}\\ \hline \text { Sales revenue (all on credit)}\\ \hline \text { Cash received from customers}\\ \hline \\ \hline \text { Accounts payable balances:}\\ \hline \text { Beginning of year}\\ \hline \text { End of year.}\\ \hline \text { Merchandise inventory balances:}\\ \hline \text { Beginning of year}\\ \hline \text { End of year}\\ \hline \text { Cost of goods sold}\\ \hline \text { Cash paid for merchandise inventory}\\ \hline \\ \hline \text { Interest payable balances:}\\ \hline \text { Beginning of year}\\ \hline \text { End of year}\\ \hline \text { Interest expense}\\ \hline \text { Cash paid for interest}\\ \hline \end{array}\begin{array}{l|}\hline\\\hline \$ 60,000 \\\hline 63,000 \\\hline 395,000 \\\hline \$\underline{\quad\quad} \\\hline\\ \hline\\\hline \$ 42,000 \\\hline 31,000 \\\hline\\\hline 50,000 \\\hline 52,500 \\\hline 250,000 \\\hline \$ \underline{\quad\quad} \\\hline \\\hline \\\hline 7,500 \\\hline 8,200 \\\hline 31,000 \\\hline\$\underline{\quad\quad} \\\hline \end{array}\end{array}$

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Definitions:

Nightmares

Disturbing dreams that can cause the sleeper to wake up feeling anxious and afraid, often occurring during REM sleep.

Registers Fear

The act of displaying or recognizing signs of fear.

Personal Perspective

An individual’s unique point of view influenced by personal experiences, beliefs, values, and emotions.

Reflective

Characterized by deep thought and consideration, often involving the examination of one's own beliefs, thoughts, and experiences.