A house painting business had revenues of $16,300 and expenses of $9,300. There

Question

A house painting business had revenues of $16,300 and expenses of $9,300. There were no depreciation expenses and no taxes. However, the business reported the following changes in working capital:   Beginning    End   Accounts receivable $1,500     $4,800       Accounts payable 760     330     Calculate net cash flow for the business for this period.   Net cash flow $ A house painting business had revenues of $16,300 and expenses of $9,300. There were no depreciation expenses and no taxes. However, the business reported the following changes in working capital:

Explanation / Answer

Revenue $ 16,300 Less: Expenses $    9,300 Less: Increase in accounts receivable $    3,300 Less: Decrease in accounts payable $        430 Net cash flows $    3,270

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