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| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
| Â | Â | Â | Â |
| Case X: | Compute cash received from customers: | Â | Â |
| Â | Sales | $ | 515,000 |
| Â | Accounts receivable, December 31, 2013 | Â | 27,200 |
| Â | Accounts receivable, December 31, 2014 | Â | 33,600 |
| Case Y: | Compute cash paid for rent: | Â | Â |
| Â | Rent expense | $ | 139,800 |
| Â | Rent payable, December 31, 2013 | Â | 7,800 |
| Â | Rent payable, December 31, 2014 | Â | 6,200 |
| Case Z: | Compute cash paid for merchandise: | Â | Â |
| Â | Cost of goods sold | $ | 525,000 |
| Â | Merchandise inventory, December 31, 2013 | Â | 158,600 |
| Â | Accounts payable, December 31, 2013 | Â | 66,700 |
| Â | Merchandise inventory, December 31, 2014 | Â | 130,400 |
| Â | Accounts payable, December 31, 2014 | Â | 82,000 |
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For each of the above three separate cases, use the information provided about the calendar-year 2014 operations of Sahim Company to compute the required cash flow information. |
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Case X:Cash received from customers Case Y:Cash paid for rent Case Z:Cash paid for merchandise |
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