I know the answer to these questions I just need an explanation on how to get to the answer.

1. Assume the perpetual inventory method is used.
   • Green Company purchased merchandise inventory that cost $16,500 under terms of 3/10, n/30 and FOB shipping point.
   • The company paid freight cost of $650 to have the merchandise delivered.
   • Payment was made to the supplier within 10 days.
   • All of the merchandise was sold to customers for $24,500 cash and delivered under terms FOB shipping point with freight cost amounting to $450.

As a result of the above transactions of Green Company, the net cash flow from operating activities was:

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1. Sanchez Company engaged in the following transactions during Year 1:
   • Started the business by issuing $11,900 of common stock for cash.
   • The company paid cash to purchase $7,300 of inventory.
   • The company sold inventory that cost $4,700 for $9,400 cash.
   • Operating expenses incurred and paid during the year, $4,200.

Sanchez Company engaged in the following transactions during Year 2:

• The company paid cash to purchase $10,200 of inventory.
• The company sold inventory that cost $8,900 for $16,000 cash.
• Operating expenses incurred and paid during the year, $5,200.

Sanchez uses the perpetual inventory system. What is Sanchez's gross margin for the Year 2?

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1. Revenue on account amounted to $7,000. Cash collections of accounts receivable amounted to $6,700. Cash paid for expenses was $4,500. The amount of employee salaries accrued at the end of the year was $2,300. What is the net cash flow from operating activities for the year?

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1. Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.)

1) Acquired $1,950 cash from the issue of common stock.

2) Borrowed $1,420 from a bank.

3) Earned $1,600 of revenues cash.

4) Paid expenses of $450.

5) Paid a $250 dividend.

During Year 2, Packard engaged in the following transactions. (Assume all transactions are cash transactions.)

1) Issued an additional $1,325 of common stock.

2) Repaid $920 of its debt to the bank.

3) Earned revenues of $1,750 cash.

4) Incurred expenses of $760.

5) Paid dividends of $300.

What is the amount of Packard Company's net cash flow from financing activities for Year 2?