Use the Direct Method of Cash Flows to Answer the Question

question 65

Short Answer

Use the direct method of cash flows to answer the question.
Beginning A/R: $68,000 Beginning Inventory: $42,500
Ending A/R: $79,000 Ending Inventory: $47,000
Credit Sales: $745,000 Beginning A/P: $29,000
Cost of Goods Sold: $412,000 Ending A/P: $36,300
Compute the cash received from receivables customers during the year.

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Definitions:

Diathesis-stress Model

An approach in psychology that attributes conduct to an innate vulnerability compounded by stressors encountered in one’s life experiences.

Depressed State

A condition or mood of feeling sad, helpless, and dispirited, often with a lack of energy and difficulty in maintaining daily activities.

Mental Illness

A disorder that affects a person’s mood, thinking, and behavior, often requiring medical or therapeutic intervention.

Biopsychosocial Approach

A holistic perspective that acknowledges the complex interplay between biological, psychological, and social factors in influencing health and illness.