A house painting business had revenues of $16,000 and expenses of $9,000 last summer. There were no
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A house painting business had revenues of $16,000 and expenses of $9,000 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital:
_____________________Beginning of Year__________End of year
Accounts receivable....................$1,200..............................................$4,500
Accounts payable.............................700..................................................300
Calculate net cash flow for the business for this period.
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1259722615
9th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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