Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business
New Topic  
samualson samualson
wrote...
Go to Answer
Posts: 2459
Rep: 13 0
5 years ago
Racing Horse Corporation reported net income for 2010 of $200,000, sales of $540,000, expenses (excluding depreciation) of $180,000, and depreciation expense of $60,000. The company's accounts receivable balance increased by $40,000 during the year and its accounts payable balance remained the same. The company's change in cash for the year is estimated to be
A) $100,000.
B) $160,000.
C) $220,000.
D) $380,000.
Read 34 times
1 Reply
Replies
Answer verified by a subject expert
guzmanguzman
wrote...
#1
Top Poster
Posts: 1067
Rep: 10 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

samualson Author
wrote...

5 years ago
This helped my grade so much Perfect
MLynneMcMillan
wrote...

Yesterday
You make an excellent tutor!
Natalie Price
wrote...

2 hours ago
Thanks for your help!!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1259 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 406
  
 1023
  
 1084
Your Opinion
What's your favorite math subject?
Votes: 293
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?