Impact on cash/working capital
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Formula: Working Capital=Current Assets - Current Liabilities. Here is the question:
Our tennis school business receives $2000 from a student who did not pay his fees in January.
What would this do to your cash? increase/decrease/remains the same?
Would this increase/decrease/(remains the same) your working capital?
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Solution Summary
The solution explains the impact on cash and working capital of the given event.
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Cash will increase since cash has been received.
Working capital would remain the same. ...
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