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Adelphi Company has budgeted activity for March to reflect net income $105,000. All sales are credit sales. Receivables are planned to decrease by $27,000 payables
Adelphi Company has budgeted activity for March to reflect net income $105,000. All sales are credit sales. Receivables are planned to decrease by $27,000 payables to increase by $31,000 and Depreciation Expense is $52,000. Use this information to determine how much cash will increase (decrease) during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign )
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