A house painting business had revenues of $17,800 and expenses of $10,800. There

Question

A house painting business had revenues of $17,800 and expenses of $10,800. There were no depreciation expenses and no taxes. However, the business reported the following changes in working capital:   Beginning    End   Accounts receivable $3,000     $6,300       Accounts payable 1,060     480     Calculate net cash flow for the business for this period.   Net cash flow $   
A house painting business had revenues of $17,800 and expenses of $10,800. 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($)

Net profit 7000

less : increase in accounts receivable (3300)

decrease in accounts payable (580)

Net cash flow 3120.

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