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Question 4 (6 points) Adelphi Company has budgeted activity for March to reflect net income $110,000. All sales are credit sales. Receivables are planned
Question 4 (6 points) Adelphi Company has budgeted activity for March to reflect net income $110,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $-15,000 payables to increase (decrease -) by $-17,000 and Depreciation Expense is $44,000. 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 in front of number. Round to nearest whole number (no cents). Your Answer: Answer
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