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Sahim company to compute the required cash flow

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Reference no: EM13900013

1.For each of the following three separate cases, use the information provided about the calendar year 2014 operations of Sahim Company to compute the required cash flow information.

Case X: Compute cash received from customers: 
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 515,000
Accounts receivable, December 31, 2013 . . . . . . . . . . 27,200
Accounts receivable, December 31, 2014 . . . . . . . . . . 33,600

Case Y: Compute cash paid for rent: 
Rent expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 139,800
Rent payable, December 31, 2013 . . . . . . . . . . . . . . . . . 7,800
Rent payable, December 31, 2014 . . . . . . . . . . . . . . . . . 6,200

Case Z: Compute cash paid for merchandise: 
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 525,000
Merchandise inventory, December 31, 2013 . . . . . . . . . 158,600
Accounts payable, December 31, 2013 . . . . . . . . . . . . . 66,700
Merchandise inventory, December 31, 2014 . . . . . . . . . 130,400
Accounts payable, December 31, 2014 . . . . . . . . . . . . . 82,000

Reference no: EM13900013

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