Falcon Inc. has budgeted activity for April with a net income of $140,000. All sales are credit sales. The following changes are expected during April: • Accounts Receivable will increase by $46,000 Accounts Payable will increase by $28,000 • Depreciation Expense is $35,000 Based on this information, what will be the net change in cash during April from operating activities?

Falcon Inc. has budgeted activity for April with a net income of $140,000. All sales are credit sales. The following changes are expected during April: • Accounts Receivable will increase by $46,000 Accounts Payable will increase by $28,000 • Depreciation Expense is $35,000 Based on this information, what will be the net change in cash during April from operating activities?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 34E: A companys sales for the coming months are as follows: About 20 percent of sales are cash sales, and...

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