Use the Information Provided to Calculate the Missing Cash Received

question 234

Essay

Use the information provided to calculate the missing cash received for interest for the period.
$\begin{array}{|l|l|} \hline \text { Interest receivable, beginning-year } & \$800\\\hline \text { Interest revenue } &12,600\\\hline \text { Interest receivable, year-end } &1,200\\ \hline\text { Cash received for interest.} &\\ \hline \end{array}$

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Definitions:

Marginal Product

The additional output that is generated by employing one more unit of a specific factor of production while holding other factors constant.

Labor

Employing human mental and physical work in generating services and manufacturing goods.

Workers

Individuals engaged in any form of economic activity or labor, typically for the purpose of earning wages or salary.

Marginal Products

The additional output resulting from a one-unit increase in the use of a variable input, holding all other inputs constant.