A house painting business had revenues of $16,500 and expenses of $9,500 last summer. There were...

 

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A house painting business had revenues of $16,500 and expenses of $9,500 last summer. There were no depreciation expenses However, the business reported the following changes in working capital: Beginning of End of Year Year Accounts receivable Accounts payable $ 1,700 800 $5,000 350 Calculate net cash flow for the business for this period. Answer is complete but not entirely correct. Net cash flow $ 7,000 A house painting business had revenues of $16,500 and expenses of $9,500 last summer. There were no depreciation expenses However, the business reported the following changes in working capital: Beginning of End of Year Year Accounts receivable Accounts payable $ 1,700 800 $5,000 350 Calculate net cash flow for the business for this period. Answer is complete but not entirely correct. Net cash flow $ 7,000

Answer rating: 100% (QA)

The calculation of net cash flow is incorrect Net cash flow considers not ... View the full answer