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XYZ Corp. recorded service revenues of $150,000 in 2016, of which $80,000 were on credit and $70,000 were for cash. Moreover, of the $80,000 credit
XYZ Corp. recorded service revenues of $150,000 in 2016, of which $80,000 were on credit and $70,000 were for cash. Moreover, of the $80,000 credit sales for 2016, XYZ collected $35,000 cash on those receivables before year-end 2016. The company also paid $30,000 cash for 2016 wages. Its employees also earned another $20,000 in wages for 2016, which were not yet paid at year-end 2016. How much net cash inflow did the company generate in 2016?
Group of answer choices
$70,000
$75,000
$80,000
$105,000
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