Use the Direct Method of Cash Flows to Answer the Question

question 113

Essay

Use the direct method of cash flows to answer the question.
$\begin{array} { l l } \text { Beginning A/R: } \$ 67,000 & \text { Beginning Inventory: } \$ 42,000 \\\text { Ending A/R: } \$ 79,000 & \text { Ending Inventory: } \$ 47,000 \\\text { Credit Sales: } \$ 745,000 & \text { Beginning A/P: } \$ 29,000 \\\text { Cost of Good Sold: } \$ 412,000 & \text { Ending A/P: } \$ 36,000\end{array}$
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Compute the change in accounts receivable for the year.

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Definitions:

Rh Factor

An antigen found on the surface of red blood cells; presence or absence is significant for blood transfusion compatibility.

Mendelian Pattern

A set of principles related to inheritance that describes how traits are passed from parents to offspring through genes.

Landsteiner

Karl Landsteiner was an Austrian biologist and physician, best known for discovering the ABO blood group system in 1901.

Heterozygous Dihybrid

An individual possessing two different alleles for two traits, resulting from the cross of parents differing in two specific traits.