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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

Case X:

Compute cash received from customers:

Sales

$

810,000

Accounts receivable, December 31, 2015

63,000

Accounts receivable, December 31, 2016

86,940

Case Y:

Compute cash paid for rent:

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:

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.

Case X:

Cash received from customers

Case Y:

Cash paid for rent

Case Z:

Cash paid for inventory

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