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You have the below info. Use the adjusted net income approach to determine how much cash you will have. Sales $ 500,000 Expenses $ 350,000
| You have the below info. Use the adjusted net income | |||
| approach to determine how much cash you will have. | |||
| Sales | $ 500,000 | ||
| Expenses | $ 350,000 | ||
| Depreciation | $ 50,000 | ||
| Net Income | $ 100,000 | ||
| AR change | $ 15,000 | increase | |
| Inventory change | $ (10,000) | decrease | |
| Current Liabilities change | $ 7,000 | increase | |
| Fixed Assets change | $ (30,000) | decrease | |
| Long-term Debt change | $ 20,000 | increase |
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen and Peter Brewer
14th edition
978-007811100, 78111005, 978-0078111006
