100 points The independent cases are isted below that includes all tems relevant

Question

100 points The independent cases are isted below that includes all tems relevant to operating activities Sales revenue Cost of goods sold Depreciation expense Salaries and wages expense Net income Accounts receivable increase (decrease) inventory increase (decrease) Accounts payable increase (decrease) Salaries and wages payable increase (decrease) s 75,000 65,000 $ 108.000 40,000 31,00071,000 1,0003,00027,000 6,000 14,0009,000 18,000 17,000 (1.000) (1,100) 5,0004,000 0 (4.000) 0 3,500 (1,100) 1.100 3,000 2,000 (3,000) Compute cash fows from operating acivities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Net Cash Provided by Operating Activites s0 References eBook & Resources Worksheet O Type here to search

Explanation / Answer

Case A Case B Case C 1 Sales 75000 65000 106000 Accounts receivable 1100 -5000 -4000 Cash collected from customer 76100 60000 102000 Less Expenses 2 Cost of goods sold 40000 31000 71000 Inventory 3000 0 -4000 Accounts payable 0 -3500 1100 Cash paid for supplier 43000 27500 68100 3 Salaries and wages expense 6000 14000 9000 Salaries and wages payable -2000 3000 -1100 Cash payment for salaries and wages 4000 17000 7900 Net cash provided by operating activities 29100 15500 26000

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