Question
Use the following information to calculate the change in the company's cash balance for the year. Credit Sales $803022 Cash Sales $500489 Operating Expenses on
Use the following information to calculate the change in the company's cash balance for the year.
| Credit Sales | $803022 |
| Cash Sales | $500489 |
| Operating Expenses on Credit | $200477 |
| Cash Operating Expenses | $698846 |
| Accounts Receivable (Beg. of Year) | $49208 |
| Accounts Receivable (End of Year) | $81346 |
| Accounts Payable (Beg. of Year) | $48386 |
| Accounts Payable (End of Year) | $104250 |
| Income Taxes Paid | $158462 |
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Public Finance
Authors: Harvey S. Rosen
3rd Edition
0256083762, 978-0256083767
