For Each of the Following Separate Cases, Use the Information

question 99

Essay

For each of the following separate cases, use the information provided to calculate the missing cash inflow or cash outflow using the direct method.
$\begin{array} { l | l | r } \text { (a) } & \text { Accounts receivable balances: } & \\\hline & \text { Beginning of year } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & \$ 60,000 \\\hline & \text { End of year } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 63,000 \\\hline & \text { Sales revenue (all on credit) } \ldots \ldots \ldots \ldots \ldots \ldots & 395,000 \\\hline & \text { Cash received from customers } & \$\underline{\quad\quad} \\\hline & & \\ \hline\end{array}$
(b)
$\begin{array}{|l|c|}\hline \text { Accounts payable balances: } & \\\hline \text { Beginning of year} & \$ 42,000 \\\hline \text { End of year } & 31,000 \\\hline \text { Merchandise inventory balances: } & \\\hline \text { Beginning of year } & 50,000 \\\hline\text { End of year } & 52,500 \\\hline \text { Cost of goods sold. } & 250,000 \\\hline \text { Cash } &\$ \underline{\quad\quad}\\ \hline\end{array}$

(c)
$\begin{array}{|l|c|}\hline\text { Interest payable balances: }\\\hline \text { Beginning of year } & \$ 7,500 \\\hline \text { End of year } & 8,200 \\\hline \text { Interest expense } & 31,000 \\\hline \text { Cash paid for interest } & \$ \underline{\quad\quad} \\\hline\end{array}$

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Definitions:

Southeast Asia

Southeast Asia is a geographical region located to the east of the Indian Subcontinent and south of China, known for its diverse cultures, languages, and histories.

French Colonialism

The period of expansion, conquest, and administration by France over various territories across the globe, notably in Africa and Southeast Asia.

Marshall Plan

An American initiative passed in 1948 to aid Western Europe, in which the United States gave over $12 billion (nearly $100 billion in 2020 dollars) in economic assistance to help rebuild Western European economies after the end of World War II.