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O out of 3 poin Suppose Buff Canyon Corp. had an account payable of $100 on 12/31/2007 and 5150 on 12/31/2008. This change in account payable -- the cash available to firm in 2008. In othe words, the cash effect of change in account payable on the 2008 operating cash flows is - Selected Answer: B. decreases: -550 on 5 O out of 3 points Suppose Buff Canyon Corp. has an account receivable of $100 on 12/31/2007, and $150 on 12/31/2008. This change in account receivable_ the cash available to firm in 2008. In ex other words, the cash effect of change in account receivable on the 2008 operating cash flows is Selected Answer: C. Increases: 550 cion 6 O out of 3 points Suppose Buff Canyon Corp. has an account receivable of $100 on 12/31/2007 and 5150 on 12/31/2008. This change in account receivable Xother words, the cash effect of change in account receivable on the 2007 operating cash flows is __ the cash available to firm in 2007. In Selected Answer: B. decreases: -550 stion 7 O out of 3 points In the example on slide 13 (also shown below), what is the cash effect of change in account receivable on operating cash flows in Yeat2? Imagine Canyon Buff Corp. spends $100 in year one to make widgets (assume the widgets are shown up as inventory on the balance sheet) The widgets are sold on credit for $125 in year two The receivable is collected in year three Year 1 2 3 Inventory $100 so SO