Question

Zippy had cash inflows from operations of $78,500; cash outflows from investing activities of $63,000; and cash inflows from financing of $41,000. The net change in cash was:

Answer 1

Answer:

Net change in cash $56,500

Explanation:

The computation of the net change in cash is shown below;

cash inflows from operations $78,500

cash outflows from investing activities -$63,000

cash inflows from the financing $41,000

Net change in cash $56,500

We simply added the cash inflows and deduct the cash outflows so the net change in cash could come