Respuesta :
The change in these accounts represents a net USE of cash for the year in the amount of $200
SOLUTION :-
A decrease in current assets such as accounts receivable, inventory is a source of cash and vice-versa. On the other hand a decrease in current liabilities such as accounts payable, creditors is a use of cash and vice-versa.
Decrease in Accounts Receivable (28400-26120) = $2280
Increase in Accounts Payable (42380-41060) = $1320
Increase in Inventory (24360-20540) = ($3820)
Net Use of Cash = $200.
Accounts payable (AP) are amounts due to vendors or suppliers for goods or services received that have not yet been paid for.
Accounts receivable are the funds that customers owe your company for products or services that have been invoiced
Therefore, The change in these accounts represents a net use of cash for the year in the amount of $200.
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