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Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $16,300 under terms of 4/10, n/30 and FOB shipping point.
Assume the perpetual inventory system is used.
1) Green Company purchased merchandise inventory that cost $16,300 under terms of 4/10, n/30 and FOB shipping point.
2) Green Company paid freight cost of $630 to have the merchandise delivered.
3) Payment was made to the supplier on the inventory within 10 days.
4) All of the merchandise was sold to customers for $24,100 cash and delivered under terms FOB destination with freight cost amounting to $430.
What is the net cash flow from operating activities that results from these transactions?
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