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

question 102

Essay

For each of the following independent cases,use the information provided to calculate the missing cash inflow or cash outflow:
(a.)
$\begin{array}{|l|r|}\hline \text { Interest payable, beginning-year } & \$ 4,200 \\\hline \text { Interest expense } & 26,700 \\\hline \text { Interest payable, year-end } & 3,000 \\\hline \text { Cash paid for interest } & \$ \\\hline\end{array}$

(b.)
$\begin{array}{|l|r|}\hline \text { Prepaid insurance, beginning-year } & \$ 7,000 \\\hline \text { Insurance expense } & 16,800 \\\hline \text { Prepaid insurance, year-end } & 3,400 \\\hline \text { Cash paid for insurance } & \$ \\\hline\end{array}$

(c.)
$\begin{array}{|l|r|}\hline \text { Interest receivable, beginning-year } & \$ 800 \\\hline \text { Interest revenue } & 12,600 \\\hline \text { Interest receivable, year-end } & 1,200 \\\hline \text { Cash received for interest } & \$ \\\hline\end{array}$

(d.)
$\begin{array}{|l|r|}\hline \text { Accounts payable, beginning-year } & \$ 60,000 \\\hline \text { Cost of goods sold } & 244,000 \\\hline \text { Merchandise inventory, beginning-year } & 35,000 \\\hline \text { Merchandise inventory, year-end } & 40,500 \\\hline \text { Accounts payable, year-end } & 64,800 \\\hline \text { Cash paid for merchandise } & \$ \\\hline\end{array}$

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Definitions:

Ethical Theory

The branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.

Virtue Ethics

The ethical system which proposes that a decision is ethical when it promotes positive character traits such as honesty, courage, or fairness.

Categorical Imperatives

Fundamental principles proposed by Immanuel Kant that require unconditional adherence without consideration of personal desires or consequences.

The Good Life

A concept describing a life filled with happiness, well-being, and prosperity, often including moral and ethical richness.