For Each of the Following Independent Cases, Use the Information

question 23

Essay

For each of the following independent cases, use the information provided to calculate the missing cash inflow or cash outflow:
(a.)
$$\begin{array} { | l | r | } \hline \text { Interest payable, begirning-year } & \$ 4,200 \\\hline \text { Interest expense } & \mathbf { 2 6 , 7 0 0 } \\\hline \text { Interest payable, year-end } & \mathbf { 3 , 0 0 0 } \\\hline \text { Cash paid for interest } & \$---- \\\hline\end{array}$$ (b.)
$$\begin{array} { | l | r | } \hline \text { Prepaid insurarice, begirring of year } & \$ 7,000 \\\hline \text { Irsurrance expense } & 16,800 \\\hline \text { Prepaid insurance, year-end } & 3,400 \\\hline \text { Cash paid for insurance } & \$--- \\\hline\end{array}$$ (c.)
$$\begin{array} { | l | r | } \hline \text { Interest receivable, begirning of year } & \$8 0 0 \\\hline \text { Interest reverue } & 12,600 \\\hline \text { Interest receivable, year-end } & 1,200 \\\hline \text { Cash received for interest } & \$--- \\\hline\end{array}$$ (d.)
$$\begin{array} { | l | r | } \hline \text { Accourits payable, begirning of year } & \$ 60,000 \\\hline \text { Cost of goods sold } & 244,000 \\\hline \text { Mercharndise irventory, begirning of year } & 35,000 \\\hline \text { Merchardise irventory, year-end } & 40,500 \\\hline \text { Accourts payable, year-end } & 64,800 \\\hline \text { Cash paid for merchardise } & \$--- \\\hline\end{array}$$

---

Definitions:

Strategy Implementation

The execution of plans to achieve organizational goals, involving the allocation of resources and the management of processes.

Strategic Responses

The actions taken by firms to adapt or react to external challenges, opportunities, or threats in a way that aligns with their strategic goals.

Mergers and Acquisitions

The process by which companies are combined (merger) or bought out (acquisition), often to expand capabilities or enter new markets.

Vertical Integration

The strategy of formally taking control of sources of organizational supply and distribution.