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Home Q & A Board Other Fields Homework Help Business Finance
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borteleto borteleto
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Posts: 2477
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6 years ago
Use the following information to calculate the change in the company's cash balance for the year.

Credit Sales$800,000
Cash Sales$500,000
Operating Expenses on Credit$200,000
Cash Operating Expenses$700,000
Accounts Receivable (Beg. of Year)$50,000
Accounts Receivable (End of Year)$80,000
Accounts Payable (Beg. of Year)$50,000
Accounts Payable (End of Year)$100,000
Income Taxes Paid$160,000

A) $145,000
B) $180,000
C) $260,000
D) $365,000
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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Marc18Marc18
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6 years ago
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borteleto Author
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6 years ago
This calls for a celebration Person Raising Both Hands in Celebration
zbmallo3
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Yesterday
You make an excellent tutor!
byehoe
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2 hours ago
Smart ... Thanks!
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