The following information is available from Macalarlar Ltd.'s books for the fiscal year ending March 31, 2020: Cash sales for the year were P10,000,000 and sales on account P12,000,000. Payments on accounts payable for inventory totaled P7,800,000. Collection against accounts receivable were P7,600,000. Rent paid in cash P2,200,000, outstanding rent being P200,000. Equipment was purchased for cash P16,800,000. An equipment having a book value of P1,600,000 was sold for P2.400.000 The cash account was increased by P37,200,000. Using direct method of cash flow statement, what is the net cash flows from investing activities. O (P16,000,000) (14,400,000) (P16,800,000) P2,400,000 Net sales for a chemical firm are P50,000, cash expenses (including taxes) are P35,000, and depreciation costs are P5,000. What is the cash from operations if debtors reduce by P6,000 during the period? P35,000 O P15,000 O P21,000 OP9,000 Miracle Company sells P24,000 worth of products to Maayo Co. on credit. The invoice is dated September 15th, and the terms are 2/15, net 30 days. What is the discount amount, and by when must the invoice be paid in order for the buyer to benefit from the discount? P80, April 25 P80, April 30 O P480, April 25 O P480, April 30 Under the direct method, entries at the time of collection of an account previously written off would have no effect on net income decrease the allowance for doubtful accounts increase net income increase the accounts receivable