Hayward Corporation Had Net Sales of $610,000 and Cost of Goods

question 39

Multiple Choice

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

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Definitions:

Employee-Management Relationships

The type and quality of interactions between staff and their supervisors or leaders, impacting workplace culture and productivity.

Standardization Method

The process of implementing and developing technical standards to ensure uniformity and consistency in methodology, materials, and products.

Organization Size

The scale or extent of an organization, often measured by the number of its employees, the size of its operation, or its market reach.

Scientific Management Approach

A theory of management that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity.