Adelphi Company has budgeted activity for March to reflect net income $155,000. All sales are credit sales. Receivables
Posted: Wed Mar 09, 2022 8:15 am
Adelphi Company has budgeted activity for March to
reflect net income $155,000. All sales are credit sales.
Receivables are planned to increase (decrease -) by $-21,000
payables to increase (decrease -) by $-23,000 and Depreciation
Expense is $46,000. Use this information to determine how much cash
will increase (decrease) during the month of March. (Decreases in
accounts receivable or accounts payable will have a negative sign
in front of number. Round to nearest whole number (no
cents).
reflect net income $155,000. All sales are credit sales.
Receivables are planned to increase (decrease -) by $-21,000
payables to increase (decrease -) by $-23,000 and Depreciation
Expense is $46,000. Use this information to determine how much cash
will increase (decrease) during the month of March. (Decreases in
accounts receivable or accounts payable will have a negative sign
in front of number. Round to nearest whole number (no
cents).