Maines, Inc., had a cash balance at the beginning of the year of $72,000. During the year, the following cash flows occurred:From operating activities . . . . . . . . . . . . . . . . . $136,000From investing activities . . . . . . . . . . . . . . . . . . (56,000)From financing activities . . . . . . . . . . . . . . . . . . (34,000)Prepare an abbreviated statement of cash flows, including a reconciliation of the beginning and ending cash balances for the year.

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

Four students are at an extracurricular activity fair at their high school and are trying to decide which clubs to join. some information about the students is listed in this chart: which describes which ctso each student should join?