A Summary of Cash Flows for Alex Design Services for the Year

question 181

Essay

A summary of cash flows for Alex Design Services for the year ended December 31, 2012, is shown below.
$\begin{array}{ll}\text { Cash receipts}\\\text { Cash received from customers } & \$ 83,990 \\\text { Cash received from additional investment by owner } & 25,000\end{array}$ Prepare a statement of cash flows for Alex Design Services for the year ended December 31, 2012.

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Definitions:

Warehouse Clubs

Membership-based retail stores offering a wide variety of merchandise, often in bulk, at discounted prices.

Factory Outlets

Retail stores owned by manufacturers that sell goods directly to consumers, often at discounted prices.

Single-Price

A pricing strategy where a product or service is sold at one fixed price to all customers.

Extreme-Value Retailer

is a retail store offering products at very low prices, often focusing on discounted, overstock, and closeout merchandise.