Business, 12.04.2021 23:10 gabbypittman20

New Vision Company completed its income statement and balance sheet and provided the following information: Service Revenue $ 66,100 Expenses: Salaries and Wages $ 42,100 Depreciation 7,310 Utilities 6,050 Office 1,710 57,170 Net Income $ 8,930 Decrease in Accounts Receivable $ 12,100 Paid cash for equipment 5,050 Increase in Salaries and Wages Payable 9,050 Decrease in Accounts Payable 4,275 Required: Present the operating activities section of the statement of cash flows for New Vision Company using the direct method. Assume that Accounts Payable relate to Utilities and Office Expenses on the income statement. If payments for salaries and wages were to increase by 10 percent throughout the year, by what dollar amount and in what direction would operating cash flows change?

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New Vision Company completed its income statement and balance sheet and provided the following infor...

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