Zimmer Company completed its first year of operations on December 31, 2017. Its initial income statement showed

Question:

Zimmer Company completed its first year of operations on December 31, 2017. Its initial income statement showed that Zimmer had sales revenue of $198,000 and operating expenses of $83,000. and at year-end were $60,000 and $23,000, respectively. Assume that related to operating expenses. Ignore income taxes.
Instructions
Compute net cash provided by operating activity using the direct method.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...