A house painting business had revenues of $16,900 and expenses of $9,900. There

Question

A house painting business had revenues of $16,900 and expenses of $9,900. There were no depreciation expenses and no taxes. However, the business reported the following changes in working capital:   Beginning    End   Accounts receivable $2,100     $5,400       Accounts payable 880     390     Calculate net cash flow for the business for this period. A house painting business had revenues of $16,900 and expenses of $9,900. There were no depreciation expenses and no taxes. However, the business reported the following changes in working capital:

Explanation / Answer

Computation of net cash flows

Particulars Amount

revenues 16900

expenses (9900)

less: increases in accounts receivable (3300)

decreases in accounts payable (490)

net cash flows 3210

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