Question

Compute the following items for the cash flow statement:
1. The beginning and ending Accounts Receivable balances are $18,000 and $22,000, respectively. Credit sales for the period total $115,000. How much are cash collections?
2. Cost of Goods Sold is $76,000. Beginning Inventory balance is $26,000, and ending Inventory balance is $28,000. Beginning and ending Accounts Payable are $15,000 and $12,000, respectively. How much are cash payments for inventory?


$1.99
Sales0
Views32
Comments0
  • CreatedJuly 08, 2015
  • Files Included
Post your question
5000