Answer:
Cash Paid = $62000
Explanation:
To calculate the amount of cash paid by the business for operating expenses during the year, we use the following equation.
Cash Paid = Opening Accrued liability + Operating expenses for the year - Closing Accrued Liability
By plugging in the values for opening accrued liabilities, operating expenses for the year and closing accrued liabilities in the above formula, we can calculate the amount of cash paid for operating expenses.
Cash Paid = 15000 + 52000 - 5000
Cash Paid = $62000
Answer:
Marginal revenue is $2.99
Explanation:
A monopoly is defined as a situation where a single supplier determines the price and amount of a good that will be supplied.
Marginal revenue is defined as the additional revenue that is earned from increased unit of sale of a product.
The initial revenue earned is 100 units* $4= $400.
The present revenue is 101 units* $3.99= $402.99
Therefore the additional revenue is 402.99-400= $2.99
Answer:
$718,400
Explanation:
For computation of total amount of cash payments first we need to find out the decrease in merchandise, purchases and increases in accounts payable which is shown below:-
Decrease in merchandise = Balance at the beginning of the year - Balance at the end of the year
= $218,000 - $204,200
= $13,800
Purchases = Cost of goods sold - Decrease in merchandise
= $738,000 - $13,800
= $724,200
Increase in Accounts Payable = Accounts Payable balance at the end of the year - Accounts payable at the beginning of the year
= $102,000 - $96,200
= $5,800
Cash paid for merchandise = Purchases - Increase in Accounts Payable
= $724,200 - $5,800
= $718,400
<h2>(D.), organize an in-store event.</h2>
