For Each of the Following Separate Cases, Use the Information

question 61

Essay

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

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Definitions:

Formalization

The extent to which rules, procedures, and standards guide employee behavior within an organization.

Centralization

The concentration of decision-making authority at the top levels of an organizational hierarchy.

Vertical Division

The organizational structure where tasks are divided based on hierarchy and levels of authority, creating a top-down approach.

Labor

The physical or mental effort used in the production of goods and services, often referring to work or workforce in economic contexts.