(Appendix 14A) Hayward Corporation Had Net Sales of $610,000 and Cost

question 17

Multiple Choice

(Appendix 14A) Hayward Corporation had net sales of $610,000 and cost of goods sold of $360,000 for the just completed year. Shown below are the beginning and ending balances for the year of various accounts:
The company prepares its statement of cash flows using the direct method.
-On its statement of cash flows,what amount should Howard show for its net sales adjusted to a cash basis (i.e.,cash received from sales) ?

• A) $616,000
• B) $623,000
• C) $625,000
• D) $595,000

---

Definitions:

External Labor Market

The pool of potential job candidates from outside the organization.

Engineering Graduate

An individual who has completed a degree program in engineering, equipping them with technical and analytical skills for problem-solving in various sectors.

Contract Worker

An individual employed on a non-permanent basis to complete specific tasks or projects, typically operating under a formal agreement.

High-performance Work Systems

Organizational approaches combining processes, technology, and people to significantly improve business results and employee satisfaction.