using the following assumptions, what was the change in cash from financing? starting cash was $10,000, increase in inventory by $5,000, increase in accounts payable by $8,000, decrease to accounts receivables by $2,000 and an increase to bank loans by $3,000.

Question

21-10-2022
Business

Answered

using the following assumptions, what was the change in cash from financing? starting cash was $10,000, increase in inventory by $5,000, increase in accounts payable by $8,000, decrease to accounts receivables by $2,000 and an increase to bank loans by $3,000.

Answer :

Other Questions

Nelson company experienced the following transactions during year 1, its first year in operation. issued $8,400 of common stock to stockholders provided $4,700

rental rates have increased by 2% in the last six months. which appraisal principle best explains this rate increase?

a ledger is a book of question 140 options: a) original entry b) accounting statements c) accounts d) trial balances

Disturbed corporation needs to raise $61.5 million to fund a new project. the company will sell shares at a price of $24.60 in a general cash offer and the comp

Property Tax Calculations and Journal Entries. The Village of Darby’s budget calls for property tax revenues for the fiscal year ending December 31, 2011, of $2

For the consolidated financial statements for 2019, determine the balances that would appear for the following accounts: what are the consolidated sales? what i

Storico co. just paid a dividend of $1.55 per share. the company will increase its dividend by 24 percent next year and then reduce its dividend growth rate by

from the for review tab in the banking center, how can you exclude a bank transaction that is a duplicate?

Crane company issues $340,000 of 6%, 20-year bonds on january 1, 2025, at face value. interest is payable annually on january 1. (b) prepare the journal entry t

Jeriel is going to invest in an account paying an interest rate of 6.5% compounded continuously. how much would jeriel need to invest, to the nearest cent, for

shomerajeshwari90 shomerajeshwari90 · Answer 1 · 2022-10-25T10:19:04-04:00

The change in cash from financing will be $3,000, due to a loan taken from banks amounting $3,000 as there is inflow in cash flow.

The other four components such as increase in inventory worth $5,000, increase in accounts payable by $8,000, decrease to accounts receivables by $2,000 do not cause any change in cash flow of the company whereas loan amount worth $3,000 will lead to an increase in cash, hence cause change in cash from financing worth 3,000.

The net amount of cash and cash equivalents flowing into and moving out of a business is known to as cash flow. Money being spent and money collected reflect the inflows and outflows correspondingly.

The complete question is here:

Using the following assumptions, what was the change in cash from financing? Starting cash was $10,000, increase in inventory by $5,000, increase in accounts payable by $8,000, decrease to accounts receivables by $2,000 and an increase to bank loans by $3,000.

Select one:

a. -$3,000

b. $13,000

c. $3,000

d. $6,000

Learn more about cash flow here:

https://brainly.com/question/15046681

#SPJ4