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Given Aco budgeted activity for October to reflect net income $110,000. All sales are credit sales. Receivables are planned to increase by $30,000, payables to
Given
Aco budgeted activity for October to reflect net income $110,000. All sales are credit sales. Receivables are planned to increase by $30,000, payables to decrease by $20,000 and depreciation expense is $50,000.
Determine
how much cash will increase or decrease during the month of October
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