Given the Following Selected Information,prepare a Schedule Showing Net Cash

question 16

Essay

Given the following selected information,prepare a schedule showing net cash flows from operating activities for the year ended July 31,2010 using the direct format:
$$\begin{array} { l r r } \text { Accourts Receivable } & \frac { \text { July } 31,2010 } { } & \text { July 31,2009 } \\\text { Irventory } & 32,000 & \$ 39,000 \\\text { Prepaid Insurarnce } & 145,000 & 127,000 \\\text { Accourts Payable } & 9,000 & 5,000 \\\text { Wages Payble } & 21,000 & 26,000 \\\text { Sales } & 13,000 & 11,000 \\\text { Cost of Goods Sold } & 382,000 & \\\text { Irsurarce Experse } & 237,000 \\\text { Wages Expense } & 16,000 \\\text { Irterest Experse } & 74,000 \\\text { Dividend Reverue } & 8,000 & \\& 25,000 &\end{array}$$

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Definitions:

Product Innovations

The introduction of a good or service that is new or significantly improved with respect to its characteristics or intended uses.

Process Innovations

Refers to the implementation of a new or significantly improved production or delivery method, contributing to increased efficiency and effectiveness.

Managerial Innovations

The implementation of new administrative processes, strategies, or products designed to improve the efficiency and productivity of management.

Extrinsic Rewards

Benefits given by employers to motivate employees that are external to the job itself, such as pay raises, bonuses, and perks.