Based on the spreadsheet below, which of the following is a true statement?
2 answers:
Answer:
C. The net cash flow is positive.
Step-by-step explanation:
The cash flow does not contain non cash entries. And cash flows are always positive as a person spends that much of cash that is available with him. More than that accounts to credit.
Now we will add up all the outflows given in the spreadsheet and subtract it from $1600 (inflow)
= = $110
This proves that - The net cash flow is positive.
Therefore, option C is the correct answer.
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Answer: A
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