Edit View History Bookmarks Window Help raw Hill Connect Practice for Homework 1

Question

Edit View History Bookmarks Window Help raw Hill Connect Practice for Homework 1 ce for Homework 1 Saved You are given the following information for Dawn Corp Decrease in inventory Decrease in accounts payable Increase in notes payable Increase in accounts receivable $ 480 190 175 205 Book Print Did cash go up or down? By how much? Cash increased by $ Classify each event as a source or use of cash. ferences A decrease in inventory is H A decrease in accounts payable is a use of cash An increase in notes payable is a source of cash An increase in accounts receivable is source of cash use of cash Prev 90, 1311; Next

Explanation / Answer

A decrease in inventory is a source of cash
A decrease in accounts payable is a use of cash
An increase in notes payable is a source of cash
An increase in accounts receivable is a use of cash

Change in Cash = Decrease in inventory - Decrease in accounts payable + Increase in notes payable - Increase in accounts receivable
Change in Cash = $480 - $190 + $175 - $205
Change in Cash = $260

Cash increased by $260

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