You are given the following information for Thrice Corp.: Decrease in inventory $ 480...

You are given the following information for Thrice Corp.:


Decrease in inventory	$	480
Decrease in accounts payable		190
Increase in notes payable		175
Increase in accounts receivable		205

Did cash go up or down? By how much?

Classify each event as a source or use of cash.


A decrease in inventory is a		.
A decrease in accounts payable is a		.
An increase in notes payable is a		.
An increase in accounts receivable is a		.

(source of cash/ use of cash)

Expert Solution

Cash will go up by $260

(480 -190+175-205)

a) Decrease in inventory : Source of cash

b) Decrease in account payable : use of cash

c) increase in notes payable : Source of cash

d) increase in accounts receivable :. Use of cash

jeff jeffy answered 2 years ago

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