Cash Flows and Working Capital
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A house painting business had revenues of $16,000 and expenses of $9,000. There were no depreciation expenses. However, the business reported the following changes in working capital.
Beginning End
Accounts receivable $1,200 $4,500
Accounts payable 700 300
Calculate net cash flow for the business for this period.
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This posting gives a detailed, step-by-step solution to the problem about cash flows and working capital. Step by step calculations are provided in the solution.
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Problem: A house painting business had revenues of $16,000 and expenses of $9,000. There were no depreciation expenses. However, the business reported the following changes in working capital.
Beginning End
Accounts receivable $1,200 $4,500
Accounts payable 700 300
Calculate net cash flow for the business for this period.
Solution:
Net working ...
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