Question
A house painting business had revenues of $16,700 and expenses of $9,700 last summer. There were no depreciation expenses. However, the business reported the following
A house painting business had revenues of $16,700 and expenses of $9,700 last summer. There were no depreciation expenses. However, the business reported the following changes in the working capital:
Accounts recieveable $1,900 $5, 200
Accounts payable 840 370
Calculate net cash flow for the business for this period.
Net cash flow:
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
