angel0203wilcox
03.09.2019 •
Business
Determine the missing amounts in each of the following four independent scenarios: a. x co. had a $4,700 beginning balance in accounts payable on january 1, year 8. during year 8, the company incurred $67,600 of operating expenses on account and paid $68,900 cash to settle accounts payable. based on this information alone, determine the amount of the ending balance in accounts payable. b. x co. had a $5,300 ending balance in accounts payable on december 31, year 8. during year 8, the company incurred $66,400 of operating expenses on account and paid $64,100 cash to settle accounts payable. based on this information alone, determine the amount of the beginning balance in accounts payable. c. x co. had a $4,100 beginning balance in accounts payable on january 1, year 8. during year 8, the company incurred $67,600 of operating expenses on account. the ending balance in accounts payable was $4,800. based on this information alone, determine the amount of cash paid to settle accounts payable. d. x co. had a $7,700 beginning balance in accounts payable on january 1, year 8. during year 8, the company paid $77,300 cash to settle accounts payable. the ending balance in accounts payable was $9,800. based on this information alone, determine the amount of expenses incurred on account.
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Ответ:
a. $3,400
b. $3,000
c. $66,900
d. $79,400
Explanation:
a. The computation of ending balance in accounts payable is shown below:
= Beginning balance + operating expenses - cash paid
= $4,700 + $67,600 - $68,900
= $3,400
b. The computation of beginning balance in accounts payable shown below:
= Ending balance + cash paid - operating expenses
= $5,300 + $64,100 - $66,400
= $3,000
c. The computation of cash paid is shown below:
= Beginning balance + operating expenses - ending balance
= $4,100 + $67,600 - $4,800
= $66,900
d. The computation of expenses incurred is shown below:
= Ending balance + cash paid - beginning balance
= $9,800 + $77,300 - $7,700
= $79,400
Ответ:
This means that a final Incident Response plan should be tested a minimum of two times every year by performing a structured walk-through test at least, and when possible, perform a more realistic type of test.