Question
A house painting business had revenues of $16,500 and expenses of $9,500 last summer. There were no depreciation expenses. However, the business reported the following
A house painting business had revenues of $16,500 and expenses of $9,500 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital:
Beginning of YearEnd of
YearAccounts receivable$1,700$5,000Accounts payable800350
Calculate net cash flow for the business for this period.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
