Homework Answers
|
Cash Sales |
$77000 |
|
Cash Paid to supplier ($27000{COGS} - $18000{decrease Inventory balance)} |
($9000) |
|
Paid office staff salaries |
($3000) |
|
Paid Production staff salaries |
($4000) |
|
Cash flow from operating activities |
$61000 |
Inventory closing Balance = Opening Balance + Purchased – Sold
=$44000 + $9000 -$27000 = $26000
Decrease in Inventory = $44000 - $26000 = $18000
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