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A house painting business had revenues of $16,300 and expenses of $9,300 last summer. There were no depreciation expenses. However, the business reported the following
A house painting business had revenues of $16,300 and expenses of $9,300 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 | $ | 1,500 | $ | 4,800 | ||
Accounts payable | 760 | 330 | ||||
Calculate net cash flow for the business for this period.
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