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question 46

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Assume the perpetual inventory system is used.

1) Green Company purchased merchandise inventory that cost $64,000 under terms of 2/10, n/30 and FOB shipping point.
2) Green Company paid freight cost of $2,400 to have the merchandise delivered.
3) Payment was made to the supplier on the inventory within 10 days.
4) All of the merchandise was sold to customers for $94,000 cash and delivered under terms FOB destination with freight cost amounting to $1,600.

-What is the net cash flow from operating activities that results from these transactions?

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Definitions:

Trochlear Nerves

Cranial nerves responsible for moving the eyeball downwards and slightly inwards, playing a key role in vision.

Olfactory

Relating to the sense of smell.

Trigeminal

Referring to the trigeminal nerve, which is the fifth cranial nerve responsible for sensory data from the face and motor functions such as biting and chewing.

Facial

Pertaining to the face, often used in the context of treatments or expressions designed to enhance or care for facial appearance.

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