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A house painting business had revenues of $16,300 and expenses of $9,300. There were no depreciation expenses and no taxes. However, the business reported the
| A house painting business had revenues of $16,300 and expenses of $9,300. There were no depreciation expenses and no taxes. However, the business reported the following changes in working capital: |
| Beginning | End | |
| Accounts receivable | $1,500 | $4,800 |
| Accounts payable | 760 | 330 |
| Calculate net cash flow for the business for this period. |
| Net cash flow | $ |
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Applied Quantitative Finance
Authors: W.; T. Kleinkow; G. Stahl Hardle
1st Edition
3540434607, 978-3540434603
