Smith & Sons had net income of $50 and an increase in accounts receivable of $40. Considering only these two items, the effect on operating cash flow is:

A. $90 increase
B. $10 increase
C. $40 increase
D. $50 increase

Ans: B. $10 increase

Business

You might also like to view...

Calculate the net marketing contribution if the gross profit generated is $30 million and the total marketing and sales expenses is $15 million

A) $15 million B) $45 million C) $30 million D) $500,000 E) $2 million

Business

Economic theories suggest that free trade and investment is a positive-sum game, in which all participating countries stand to gain

Indicate whether the statement is true or false.

Business