Use the information in each of the following separate cases to calculate the unknown amount. Corentine Co. had $160,000 of accounts payable on September 30 and $136,500 on October 31. Total purchases on credit during October were $289,000. Determine how much cash was paid on accounts payable during October. On September 30, Valerian Co. had a $106,500 balance in Accounts Receivable. During October, the company collected $106,890 from its credit customers. The October 31 balance in Accounts Receivable was $97,000. Determine the amount of sales on credit that occurred in October. During October, Alameda Company had $110,500 of cash receipts and $111,150 of cash disbursements. The October 31 Cash balance was $22,600. Determine how much cash the company had at the close of business on September 30.

technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f

Suppose general motors demands labor according to the labor demand function 푤푤= 40−0. 5퐸퐸, where 푤푤 is the hourly wage and 퐸퐸 is the number of employees. the united auto workers union has a utility function given by 푈푈=푊푊∗퐸퐸. a.in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b.if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.