During year 1, hardy merchandising company purchased $40,000 of inventory on account. hardy sold inventory on account that cost $24,500 for $38,000. cash payments on accounts payable were $22,000. there was $26,000 cash collected from accounts receivable. hardy also paid $5,100 cash for operating expenses. assume that hardy started the accounting period with $20,000 in both cash and common stock. required a. identify the events described in the preceding paragraph and show them in a horizontal statements model. the first event is recorded as an example. b. what is the balance of accounts receivable at the end of year 1? c. what is the balance of accounts payable at the end of year 1? d. what are the amounts of gross margin and net income for year 1? e. determine the amount of net cash flow from operating activities.

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.

Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates