Adelphi Company has budgeted activity for March to reflect net income $120,000. All sales are credit...
Adelphi Company has budgeted activity for March to reflect net income $120,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $-15,000 payables to increase (decrease -) by $13,000 and Depreciation Expense is $58,000. Use this information to determine how much cash will increase (decrease) during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign in front of number. Round & enter final answer to the nearest whole dollar.)
Homework Answers
Ans:
| Particulars | Amount($) |
| Net income | 120,000 |
| Add: Depreciation | 58,000 |
| Add:Decrease in receivables | 15,000 |
| Add: Increase in payables | 13,000 |
| Net increase in cash | 206,000 |
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