Answered

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You are given the following information for Dawn Corp.:
Decrease in inventory $ 550
Decrease in accounts payable 225
Increase in notes payable 210
Increase in accounts receivable 240

Sagot :

Anthougoidn

Question Completion:

Did cash go up or down? By how much?

Answer:

Dawn Corp.

The cash increased by $295.

Explanation:

a) Data and Calculations:

Decrease in inventory                $ 550

Decrease in accounts payable    -225

Increase in notes payable             210

Increase in accounts receivable -240

Increase in cash balance =        $295

b) A decrease in inventory and an increase in notes payable sources of cash inflow.  On the other hand, a decrease in accounts payable and an increase in accounts receivable are sources of cash outflow.

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