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Zielflug [23.3K]
3 years ago
5

Poor business management is a cause of many small-business failures.​

Business
1 answer:
MAXImum [283]3 years ago
6 0

Answer:

True....its very very true..

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True or False:
sergey [27]
The correct answer is true hope this helps!
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3 years ago
Accounts receivable resulting from sales to customers amounted to $40,000 and $31,000 at the beginning and end of the year, resp
lianna [129]

Answer:

$129,000

Explanation:

The indirect method fir calculating cash flows generally starts with net income and then adds or subtracts depending on the non-cash revenue or expense accounts. I.e. it starts at the end and comes back.

In this case, we are starting with net income and we need to add or subtract the changes in accounts receivable. Since accounts receivable decreased during the year it means that more money was collected increasing the cash flow.

Cash flow = net income + change in accounts receivable = $120,000 + ($40,000 - $31,000) = $120,000 + $9,000 = $129,000

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Pls give me brainliest that would mean a lot to me :) have a good day.

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