Use the Direct Method of Cash Flows to Answer the Question

question 120

Essay

Use the direct method of cash flows to answer the question.
$\begin{array} { l l } \text { Beginning A/R: } \$ 67,000 & \text { Beginning Inventory: } \$ 42,000 \\\text { Ending A/R: } \$ 79,000 & \text { Ending Inventory: } \$ 47,000 \\\text { Credit Sales: } \$ 745,000 & \text { Beginning A/P: } \$ 29,000 \\\text { Cost of Good Sold: } \$ 412,000 & \text { Ending A/P: } \$ 36,000\end{array}$
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Compute the change in accounts payable for the year.

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Definitions:

Medium Term

A time frame that is neither short nor long, typically considered to range from one to five years.

Local Benefits

Refers to advantages or positive impacts that are confined to a specific geographical area or community, often resulting from a project or initiative.

Social Pillar

One of the three pillars of sustainability, focusing on improving social equity, community development, and human rights.

Workforce

The collective group of individuals engaged in or available for work, either in a specific company or in a country or region.