You are given the following information for Dawn Corp.: Decrease in inventory $ 550
Decrease in accounts payable 225
Increase in notes payable 210
Increase in accounts receivable 240

Question Completion:

Did cash go up or down? By how much?

Dawn Corp.

The cash increased by $295.

Explanation:

a) Data and Calculations:

Decrease in inventory                $ 550

Decrease in accounts payable    -225

Increase in notes payable             210

Increase in accounts receivable -240

Increase in cash balance =        $295

b) A decrease in inventory and an increase in notes payable sources of cash inflow.  On the other hand, a decrease in accounts payable and an increase in accounts receivable are sources of cash outflow.

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"