Question: Part 1 : Calculate cash flow from operating activities using the following information: Cash sales: $10,000 Cash received from prior credit sales: $8,000 Rent paid:

Part 1 : Calculate cash flow from operating activities using the following information:

Cash sales: $10,000

Cash received from prior credit sales: $8,000

Rent paid: $3,000

Inventory purchased: $6,000

Wages paid: $5,000

Part 2

1) Name the two types of accounting, describe each type and when you want to use each.

2) What is the difference between charges and costs?

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