Using the information from Problem 16-2B and the additional information provided, prepare a statement of cash flows using the direct method of presenting cash flows from operating activities.

The income statement of TorMax Technology Inc. for the year ended December 31, 2015, is as follows:

Instructions

Using the information from Problem 16-3B and the additional information provided, prepare a statement of cash flows using the direct method of presenting cash flows from operating activities.

Construct and solve a system of linear algebraic equations that maximizes f(x, y). Note that this is done be setting the partial derivatives of f with respect to both x and y to zero.

Using the information from Problem 16-2B and the additional information provided, prepare a statement of cash flows using the direct method of presenting cash flows from operating activities.

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