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dybincka [34]
3 years ago
5

MOSS COMPANY

Business
1 answer:
pantera1 [17]3 years ago
4 0

Answer:

Net cash flow from the operating activities is 69,950

Explanation:

                                   MOSS COMPANY

                   Cash flow from operating activities  

Net income                                                  $6,600

Adjustments to reconcile net income

to operating cash flow  

Depreciation expense               $50,000

Decrease account receivable   $14,000

(46,000 - 32,000)

Increase inventory                     -$11,500

( 55,500 - 67,000)

Increase account payable         $11,700

(44,400 - 32,700)

Decrease income tax payable   <u>-$850</u>

(2,750 - 3,600)

                                                    $63,350    $<u>63,350</u>

Net cash flow from operating activities     <u>69,950 </u>

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You owe $6,800 on a car loan that has an interest rate of 6.75 percent and monthly payments of $310. You lost your job and your
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<u>Financial Loan Payments</u>

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