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Masja [62]
2 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]2 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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6 0
1 year ago
Suppose the economy is operating in long-run equilibrium and a positive demand shock hits. We expect a short-run increase in rea
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Answer:

The correct answer is: an expansionary gap; decrease the money supply.

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3 0
3 years ago
When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day.
just olya [345]

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0.5

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A screenshot is attached to get the full solution

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3 years ago
The incentive problem under communist central planning refers to the idea that:
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Answer and Explanation:

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Lenox Company has the following financial data: 2020 2019 Assets Current Assets: Cash and Cash Equivalents $ 2,000 $ 1,900 Accou
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