A house painting business had revenues of $16,600 and expenses of $9,600. There

Question

A house painting business had revenues of $16,600 and expenses of $9,600. There were no depreciation expenses and no taxes. However, the business reported the following changes in working capital:   Beginning    End   Accounts receivable $1,800     $5,100       Accounts payable 820     360     Calculate net cash flow for the business for this period. A house painting business had revenues of $16,600 and expenses of $9,600. 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 (460)

Net cash flows 3240.

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