Question

Zippy had cash inflows from operations $60,500; cash outflows from investing activities of $47,000; and cash inflows from financing of $25,000. the net change in cash was

Answer 1

The net change in cash formula can be this easy:

Add the two cash inflows and subtract the cash outflows.

So In here we have;

Cash inflows from operations = $60,500

Cash inflows from financing = $25,000

Cash outflows from investing activities = $47,000

$60,500 + $25,000 - $47,000 = $38,500

The net change in cash was $38,500