Question
Q2: A founder is comparing the fiscal year-end balance sheet of her startup as of December 31, 2020, with the balance sheet at the end
Q2:
A founder is comparing the fiscal year-end balance sheet of her startup as of December 31, 2020, with the balance sheet at the end of the first quarter on March 31, 2021. What is the total net cash flow impact of the changes in the following balance sheet accounts from December 31, 2020 to March 31, 2021?
December 31, 2020
Accounts receivable $75,000
Inventory $140,000
Accounts payable $60,000
Long term debt $45,000
Share capital $250,000
March 31, 2021
Accounts receivable $125,000
Inventory $80,000
Accounts payable $110,000
Long term debt $42,000
Share capital $1,000,000
a) $913,000
b) $807,000
c) $743,000
d) $677,000
Pls answer multiple choice questions
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
