For Each of the Following Separate Cases, Use the Information

question 4

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.
(a)
$\begin{array}{|l|c|}\hline\text { Accounts receivable balances: }\\\hline \text { Beginning of year } & \$ 60,000 \\\hline \text { End of year } & 57,000 \\\hline \text { Sales revenue (all on credit) } & 375,000 \\\hline \text { Cash received from } & \$ \underline{\quad\quad}\\\hline\end{array}$


(b)
$\begin{array}{|l|r|}\hline \text { Accounts payable balances: } & \\\hline \text { Beginning of year } & \$ 42,000 \\\hline \text { End of year} & 45, \\\hline \text { Merchandise inventory balances: } & \\\hline \text { Beginning of year } & 50,000 \\\hline \text { End of year } & 47,500 \\\hline \text { Cost of goods sold } & 250,000 \\\hline\text { Cash paid for merchandise inventory }& \$ \underline{\quad\quad}\\\hline\end{array}$ $$\begin{array} { l | l | r } \hline & & \\\hline \text { (c) } & \text { Interest payable balances: } & \\\hline & \text { Beginging of year } & \$ 7 , 5 0 0 \\\hline & \text { End of year } &9 , 2 0 0 \\\hline & \text { Interest expense } & 3 5 , 0 0 0\\\hline & \text { Cash paid for interest } & \$ \underline{\quad\quad}\\\hline\end{array}$$

Identify businesses and sectors that have significantly benefited from analytics and big data.

Understand the impact of low-cost information technology and social media on the growth of crowdsourcing.

Grasp the concept of analytics in finding meaningful patterns within large datasets.

Recognize the relationship between analytics, big data, and evidence-based management.

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Definitions:

Earnings Retention Ratio

The proportion of net income that a company retains to reinvest in its business rather than distributing it to shareholders as dividends.

Marble

A metamorphic rock composed mainly of recrystallized carbonate minerals, commonly used in sculpture and as a building material.

External Financing Need

The requirement for funds that a company must fulfill through external sources, like equity or debt, to finance its operations beyond what it can fund through its internal cash flow.

Full Capacity

The maximum level of output that a company can sustain over a long period without increasing its fixed costs.