Use the Following Information About the Calendar-Year Cash Flows of MacArthur

question 114

Essay

Use the following information about the calendar-year cash flows of MacArthur Company to prepare a statement of cash flows (direct method)and a schedule of noncash investing and financing activities.
$\begin{array}{|l|r|}\hline \text { Cash and cash equivalents, beginning-year balance } & \$ 18,000 \\\hline \text { Cash and cash equivalents, year-end balance } & 78,750 \\\hline \text { Cash payments for merchandise inventory } & 75,750 \\\hline \text { Cash paid for store equipment } & 15,750 \\\hline \text { Cash borrowed on three-month note payable } & 22,500 \\\hline \text { Cash dividends paid } & 12,000 \\\hline \text { Cash paid for salaries } & 39,000 \\\hline \text { Cash payments for other operating expenses } & 48,000 \\\hline \text { Building purchased and financed by long-term note payable } & 78,000 \\\hline \text { Cash received from customers } & 220,500 \\\hline \text { Cash interest received } & 8,250\\\hline\end{array}$

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Definitions:

Related to Rewards

Pertains to the connection between actions or performances and the positive outcomes or incentives provided in return.

Mediators

Third-party individuals who intervene in disputes or negotiations to help reach a settlement or agreement, without having the authority to make a binding decision.

Challenge and Performance

The relationship where increased levels of challenges lead to higher performance if the individual is motivated and has the necessary skills.

Moderators

Variables that influence the strength or direction of the relationship between independent and dependent variables in research or analysis.