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Masja [62]
3 years ago
7

The Garden Company began the accounting period with a $46,000 credit balance in its Accounts Payable account. During the account

ing period, Garden Company incurred expenses on account of $125,000. The ending Accounts Payable balance was $65,000. Required Based on this information, determine the amount of cash outflow for expenses during the accounting period. (Hint: Use a T-account for Accounts Payable. Enter the debits and credits for the given events, and solve for the missing amount.)
Business
1 answer:
pishuonlain [190]3 years ago
3 0

Answer:

the  cash outflow for expenses is $106,000

Explanation:

The computation of the cash outflow for expenses is shown below:

Beginning balance $46,000

add; expenses $125,000

less; ending balance -$65,000

Cash outflow for expenses $106,000

Hence, the  cash outflow for expenses is $106,000

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Only expenses incurred in are considered in calculation of Hale`s Operating Income

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6 0
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Option B

Analysis of the general environment enables a firm to identify: opportunities and threats

<u>Explanation:</u>

The general environment usually has a sturdy impact on a firm's level of achievement, officials must pursue biases and circumstances as they emerge and attempt to envision the associations of these biases and circumstances.

The environmental inquiry is an imperative tool. It is a manner to distinguish all the outside and subjective factors, which can influence the organization’s execution. The review involves valuing the level of threat, an opportunity the determinants might impersonate. These determinants are succeeding rendered into further means.

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Answer:

Please see attached solution

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a. Cost of goods sold . Detailed explanation attached.

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Note 1.

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Note 2

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Answer:

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