The following information is available for QDC Devices Inc. Use this information to answer the question below: Category Accounts payable Accounts receivable Cash COGS Common stock Depreciation expense Interest expense Inventories Long-term debt Net fixed assets- Retained earnings Revenue/Sales Taxes 2021 ($) 750 $570 $190 $230 $410 700 100 600 2,500 10 70 Notes payable General & Adm. expenses 80 1,300 2,000 5,950 200 2,600 1,000 95 2022 ($) 800 950 300 650 3,900 40 90 1,100 1,70 7,150 400 110 2,700 1,200 120 Calculate the net cash flow from operating activities in 2022.
The following information is available for QDC Devices Inc. Use this information to answer the question below: Category Accounts payable Accounts receivable Cash COGS Common stock Depreciation expense Interest expense Inventories Long-term debt Net fixed assets- Retained earnings Revenue/Sales Taxes 2021 ($) 750 $570 $190 $230 $410 700 100 600 2,500 10 70 Notes payable General & Adm. expenses 80 1,300 2,000 5,950 200 2,600 1,000 95 2022 ($) 800 950 300 650 3,900 40 90 1,100 1,70 7,150 400 110 2,700 1,200 120 Calculate the net cash flow from operating activities in 2022.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following information is available for QDC Devices Inc. Use this information to answer the question below:
Category
Accounts payable
Accounts receivable
Cash
COGS
Common stock
Depreciation expense
Interest expense
Inventories
Long-term debt
Net fixed assets
Notes payable
Revenue/Sales
Taxes
2021 ($)
$570
$190
$230
$410
750
Froulour
700
100
600
2,500
10
70
1,300
General & Adm. expenses 80
Retained earnings
2,000
5,950
200
2,600
1,000
95
2022 ($)
800
950
300
650
3.900
40
90
1,100
1,70
7,150
400
110
2,700
1,200
Calculate the net cash flow from operating activities in 2022.
120
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