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Question 43 9 pts A company begins the year with an accounts receivable balance of $30,000. They collect 60% of the accounts receivable balance in
Question 43 9 pts A company begins the year with an accounts receivable balance of $30,000. They collect 60% of the accounts receivable balance in cash. The company purchases supplies valued at $1,000. The company uses supplies during the year valued at $2,000. The company performs services of $2,400, collecting half in cash and the rest on account. The company pays dividends of $1,600 Based only on the above information, how much does Net Income increase (or decrease) during the year? [Enter an increase as a positive number and a decrease as a negative number]
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