#10ItemPrior yearCurrent yearAccounts payable8,123.007,716.00Accounts receivable6,048.006,607.00Accruals997.001,500.00Cash??????Common Stock10,094.0011,603.00COGS12,653.0018,393.00Current portion long-term debt4,911.005,090.00Depreciation expense2,5002,763.00Interest expense733417Inventories4,245.004,824.00Long-term debt14,141.0013,226.00Net fixed assets51,826.0054,004.00Notes payable4,339.009,940.00Operating expenses (excl. depr.)13,97718,172Retained earnings28,688.0030,532.00Sales35,11945,044.00Taxes2,0842,775What is the firm's total change in cash from the prior year to the current year? Answer format: Number: Round to: 0 decimal places.

Cash: Cash is an asset that is shown in the balance sheet under current assets. Income statement: An…

Answered: What is the firm's total change in cash…

Business

Accounting

What is the firm's total change in cash from the prior year to the current year?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter8: Liabilities And Stockholders' Equity

Section: Chapter Questions

Problem 8.1.2MBA

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Concept explainers

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.

Question

#10

Item	Prior year	Current year
Accounts payable	8,123.00	7,716.00
Accounts receivable	6,048.00	6,607.00
Accruals	997.00	1,500.00
Cash	???	???
Common Stock	10,094.00	11,603.00
COGS	12,653.00	18,393.00
Current portion long-term debt	4,911.00	5,090.00
Depreciation expense	2,500	2,763.00
Interest expense	733	417
Inventories	4,245.00	4,824.00
Long-term debt	14,141.00	13,226.00
Net fixed assets	51,826.00	54,004.00
Notes payable	4,339.00	9,940.00
Operating expenses (excl. depr.)	13,977	18,172
Retained earnings	28,688.00	30,532.00
Sales	35,119	45,044.00
Taxes	2,084	2,775

What is the firm's total change in cash from the prior year to the current year?

Answer format: Number: Round to: 0 decimal places.

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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