Colby Company Has Provided the Following Selected Information for the Year

question 88

Short Answer

Colby Company has provided the following selected information for the year ended December 31,2011:
Cash collected from customers was $392,000.
Cash received from stockholders in exchange for stock totaled $46,000.
Cash paid to suppliers was $183,000.
Cash paid to employees was $102,000.
Cash received from a long-term bank loan was $75,000.
Cash to stockholders for dividends was $17,000.
Cash received from sale of a building was $125,000.
Cash paid for rent was $19,000.
Cash received for interest and dividends was $4,000.
Cash paid for income taxes was $28,000.
Based on the selected information provided,how much was Colby's cash flow from operations?

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Definitions:

Fixed Expenses

Expenses that do not change with the level of production or business activity, such as rent, salaries, and insurance premiums.

Departmental Cost Analysis

The process of evaluating and breaking down the costs associated with each department within an organization, facilitating budgeting and efficiency improvements.

Direct Costs

Direct costs are expenses that can be directly traced to the production of a specific good or service, without any allocation.

Delivery Expenses

Costs associated with the transport of goods from the seller to the buyer, which can include freight, packaging, and handling fees.