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A house painting business had revenues of $16,800 and expenses of $9,800 last summer. There were no depreciation expenses. However, the business reported the following
| A house painting business had revenues of $16,800 and expenses of $9,800 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital: |
| Beginning | End | |
| Accounts receivable | $2,000 | $5,300 |
| Accounts payable | 860 | 380 |
| Calculate net cash flow for the business for this period. |
| Net cash flow | $
|
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Cases in Finance
Authors: Jim DeMello
3rd edition
1259330476, 1259330478, 9781259352652 , 978-1259330476
