Question
WEEK EIGHT Case X : Compute cash received from customers: Sales $ 810,000 Accounts receivable, December 31, 2015 63,000 Accounts receivable, December 31, 2016 86,940
WEEK EIGHT
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Case X: | Compute cash received from customers: |
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| Sales | $ | 810,000 |
| Accounts receivable, December 31, 2015 |
| 63,000 |
| Accounts receivable, December 31, 2016 |
| 86,940 |
Case Y: | Compute cash paid for rent: |
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| Rent expense | $ | 120,300 |
| Rent payable, December 31, 2015 |
| 14,650 |
| Rent payable, December 31, 2016 |
| 12,013 |
Case Z: | Compute cash paid for inventory: |
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| Cost of goods sold | $ | 678,000 |
| Inventory, December 31, 2015 |
| 210,180 |
| Accounts payable, December 31, 2015 |
| 88,276 |
| Inventory, December 31, 2016 |
| 172,348 |
| Accounts payable, December 31, 2016 |
| 109,462 |
For each of the above three separate cases, use the information provided about the calendar-year 2016 operations of Sahim Company to compute the required cash flow information. |
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