Question: What does Case C, Cash payment to suppliers equal? All of my curenet answers are correct! M12-12 Computing Cash Flows from operating Activities (Direct Method)
M12-12 Computing Cash Flows from operating Activities (Direct Method) [LO 12-6] The independent cases are listed below that includes all items relevant to operating activities: Case A Case B Case C Sales revenue 71,000 61,000 102,000 Cost of goods sold 38,000 29,000. 68,200 Depreciation expense 10,600 2,600 26,600 Salaries and wages expense 5,600 13,600 8,600 Net income 16.800 15,800 (1,400) Accounts receivable increase (decrease) (1,000) 4,600 3,600 Inventory increase (decrease) 0 (3,600) 2,600 Accounts payable increase (decrease) 3,100 (1,000) Salaries and wages payable increase (decrease 1,800 (2,600) 1,000 Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Case B 72,000 56,400 98,400 Cash Collected from Customers (40,600) (25,900) Cash Payments to Suppliers (3,800) (16,200) (7,600) Cash Payments for Salaries and Wages Net cash Provided by operating Activities 27,600 14,300 90,800
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