Cash Flow Questions. Hark Inc. had cash sales of $400,000 and credit sales of $1

Question

Cash Flow Questions.

Hark Inc. had cash sales of $400,000 and credit sales of $1,100,000. The accounts receivable balance increased $25,000 during the year. How much cash did Hark receive from its customers during the year?

Answer is 1,475,000. Please explain how to get that.

During 2013, Uma Company had $160,000 in cash sales and $1,200,000 in credit sales. The accounts receivable balances were $180,000 and $212,000 at December 31, 2012 and 2013, respectively. Using the direct method of reporting cash flows from operating activities, what was the total cash collected from all customers during 2013?

Answer is 1,328,000. Please explain step by step how to get that

Flynn company reports a 19,000 increase in inventory and a 6,000 increase in accounts payable during the year. COGS for the year was 163,000. The cash payments made to suppliers were

176,000 is the answer. Please explain step by step how to get this.

Explanation / Answer

Hark. Inc

Uma Company

Lynn company

Cash sales 400000 Add: Credit sales 1100000 Less: Increse in account recievable 25000 Cash collected 1475000

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