(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:

Physiological Psychologist

A specialist who studies the biological basis of behavior, focusing on the brain's functions and structures and their impact on psychological processes.

Associative Learning

The process by which an individual learns the connection between two stimuli or between a behavior and a consequence.

Ivan Pavlov

A Russian physiologist known for his work in classical conditioning, primarily through experiments involving the conditioning of dogs.

John B. Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behaviors over internal phenomena.