A house painting business had revenues of $16,600 and expenses of $9,600 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital:Accounts receivable $ 1,800 $ 5,100Accounts payable 820 360Calculate net cash flow for the business for this period.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter4: Financial Planning And Forecasting
Section: Chapter Questions
Problem 1P
icon
Related questions
icon
Concept explainers
Topic Video
Question

A house painting business had revenues of $16,600 and expenses of $9,600 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital:

Accounts receivable $ 1,800 $ 5,100
Accounts payable 820 360

Calculate net cash flow for the business for this period.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Financial Statements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning