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Novay_Z [31]
3 years ago
15

What is the overall change in cash resulting from: $248 increase in inventories, $186 increase in accounts payable, $139 decreas

e in accounts receivable, $61 decrease in other current assets, $84 decrease in other current liabilities?
Business
1 answer:
solniwko [45]3 years ago
3 0

Answer:

An increase of $54

Explanation:

Any increase in current assets will decrease in cash. On the other hand, any decrease in current assets will increase cash balance.

Inversely, any increase in current liabilities will increase cash and any decrease in current liabilities will decrease cash balance of the period.

Increase in inventories ($248)

Increase in accounts payable $186

Decrease in accounts receivable $139

Decrease in other current asset $61

Decrease in other current liabilities ($84)

Total change $54 - an increase in cash

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3 years ago
The typical family on the Planet Econ consumes 10 pizzas, 7 pairs of jeans, and 20 gallons of milk. In 2016, pizzas cost $10 eac
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