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1. You own a building supply store. Today you sold building materials to a contractor for $ 10,000 that you purchased a week ago for
1. You own a building supply store. Today you sold building materials to a contractor for $ 10,000 that you purchased a week ago for $ 8,000. You paid for the materials in cash, but you sold them to the contractor on credit, and you expect him to pay his bill in a few months. Based on this information, we can say that during the week it made a positive profit, but experienced a negative cash flow.
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