Parmesan Company Uses the Direct Method for Its Statement of Cash

question 106

Multiple Choice

Parmesan Company uses the direct method for its statement of cash flow. It reports the following information regarding the year 2014: From the income statement:
Sales Revenues, $265,000
Cost of Goods Sold, $210,000
Operating expenses, $31,000
From the balance sheet:
$$\begin{array} { | l | r | r | } \hline & \text { Beginning Balance } & \text { Ending Balance } \\\hline \text { Accounts Receivable: } & \$ 14,500 & \$ 17,800 \\\hline \text { Inventory: } & 23,500 & 17,800 \\\hline \text { Accounts Payable: } & 6,000 & 13,500 \\\hline \text { Accrued Liabilities: } & 4,000 & 1,500 \\\hline\end{array}$$ On the statement of cash flows, what amount will be shown for payments to suppliers for operating expenses? (Assume that Accounts Payable are for purchases of inventory only and Accrued Liabilities relate to Operating Expenses.)

• A) $33,500
• B) $28,500
• C) $29,500
• D) $35,000

Explain the concepts and importance of high solute concentration maintenance in the kidney medulla including the roles of the loop of Henle, vasa recta, and urea.

Comprehend the principles of countercurrent mechanisms within the loop of Henle and the vasa recta and their significance in urine concentration.

Identify factors affecting ADH secretion and how changes in ADH levels influence urine concentration and volume.

Outline the mechanism of action potentials in response to variations in plasma osmolality and their effect on ADH secretion.

---

Definitions:

Internet Services

Various services available over the Internet, including web browsing, email, online gaming, and social networking services, among others.

VoIP

Voice over Internet Protocol, a technology that allows voice calls to be made using a broadband Internet connection instead of a regular phone line.

World Wide Web

An information system where documents and other web resources are identified by Uniform Resource Locators (URLs), interconnected by hyperlinks, and accessed via the Internet.

Input Device

Hardware used to enter data or commands into a computer system, such as a keyboard, mouse, or scanner.