Reference no: EM131535715
Question: For each of the following three separate cases, use the information provided about the calendar-year 2012 operations of Sahim Company to compute the required cash flow information.
Case A: Compute cash received from customers:
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $510,000
Accounts receivable, December 31, 2011 . . . . . . . . . . 25,200
Accounts receivable, December 31, 2012 . . . . . . . . . . 34,800
Case B: Compute cash paid for rent:
Rent expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $140,800
Rent payable, December 31, 2011 . . . . . . . . . . . . . . . . . 8,800
Rent payable, December 31, 2012 . . . . . . . . . . . . . . . . . 7,200
Case C: Compute cash paid for merchandise:
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . $528,000
Merchandise inventory, December 31, 2011 . . . . . . . . . 159,600
Accounts payable, December 31, 2011 . . . . . . . . . . . . . 67,800
Merchandise inventory, December 31, 2012 . . . . . . . . . 131,400
Accounts payable, December 31, 2012 . . . . . . . . . . . . . 84,000