Based on the following income statement and balance sheet for Montego Bay Corporation,determine the cash flows from operating activities using the direct method.
Definitions:
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from the mean.
Forecast Error
A measurement of the discrepancy between predicted values and actual outcomes in demand forecasting.
Expected Overstock
The anticipated excess quantity of inventory that exceeds the demand.
Optimal Level
The most advantageous point or degree of something for a specific purpose or outcome.
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