For Each of the Following Separate Cases,use the Information Provided

question 118

Essay

For each of the following separate cases,use the information provided to calculate the missing cash inflow or cash outflow:
(a)
$$\begin{array}{|l|l|}\hline\text { Accounts receivable balarices: }\\\hline \text { Beginning of year } & \$ 60,000 \\\hline \text { End of year } & 57,000 \\\hline \text { Sales revenue (all on credit) } & 375,000 \\\hline \text { Cash received frem customers } & \$\underline{\quad\quad} \\\hline \end{array}$$
(b)
$$\begin{array}{|l|l|}\hline\text { Accounts payable balances: }\\\hline \text { Beginning of year } & \$ 42,000 \\\hline \text { End of year } & 45,000 \\\hline \text { Merchandise inventory balances: } & \\\hline \text { Beginning of year } & 50,000 \\\hline \text { End of year } & 47,500 \\\hline \text { Cost of goods sold } & 250,000 \\\hline \text { Cash paid for merchandise inventory } & \$\underline{\quad\quad} \\\hline \end{array}$$
(c)
$\begin{array}{|l|r|}\hline \text { Interest payable balances: } & \\\hline \text { Beginning of year } & \$ 7,500 \\\hline \text { End of year } & 9,200 \\\hline \text { Interest expense } & 35,000 \\\hline \text { Cash paid for interest } & \$\underline{\quad\quad} \\\hline \end{array}$

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Definitions:

Secondary Storage

A type of computer storage separate from the main memory, used for keeping data and programs permanently, often referred to as external or auxiliary storage.

Primary Storage

The main storage of a computer where data is stored temporarily for quick access by the processor.

Volatile

Characterized by or subject to rapid or unexpected change, often used to describe financial markets or memory storage that requires power to maintain stored information.

Technology

The application of scientific knowledge for practical purposes, especially in industry, through the use of machinery, software, and techniques.