For the year 2018, a company sold 400 units for $100 per unit. The cost of goods
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Question:
For the year 2018, a company sold 400 units for $100 per unit. The cost of goods sold is$62.50 per unit and the shipping charges paid are $3 per unit. The additional information
is summarized as follows:
Amount
$9.375
$6,250
Description
Beginning inventory
Ending inventory
Operating ernenses.
Advertising expense
Bank Fees
Telephone expenses
Utilities
Office Supplies expense
Sale of equipments
Repayment of note payable
$2.500
$100
$1.000
$500
$500
$3,000
$5,000
The income taxes paid for the year are $2,500. Compute the cash flows from the operating
activities using the direct method.
Related Book For
Essentials of Business Statistics
ISBN: 978-0078020537
5th edition
Authors: Bruce Bowerman, Richard Connell, Emily Murphree, Burdeane Or
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