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Question(s) / Instruction(s):

 Case A:                Compute cash received from customers:                             

                 Sales                                                                                                     $820,000 

                 Accounts receivable, December 31, 2011                            56,000 

                 Accounts receivable, December 31, 2012                            77,280 

 Case B:                Compute cash paid for rent:                      

                 Rent expense                                                                                   $114,500 

                 Rent payable, December 31, 2011                                          6,700 

                 Rent payable, December 31, 2012                                          5,762 

 Case C:                Compute cash paid for merchandise:                     

                 Cost of goods sold                                                                          $521,000 

                 Merchandise inventory, December 31, 2011                      161,510 

                 Accounts payable, December 31, 2011                                 67,834 

                 Merchandise inventory, December 31, 2012                      132,438 

                 Accounts payable, December 31, 2012                                 84,114

 

Required:

 

For each of the above three separate cases, use the information provided about the calendar-year 2012 operations of Sahim Company to compute the required cash flow information.

 

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