A business has: Net sales of $6,404,300; Cost of goods sold of $4,720,870; Accounts receivable of $685,000. What is the impact on cash flow of 5-day increase in accounts receivable days? O A decrease in cash flow by approximately $64,669. O A decrease in cash flow by approximately $87,730. An increase in cash flow by approximately $87,730.
A business has: Net sales of $6,404,300; Cost of goods sold of $4,720,870; Accounts receivable of $685,000. What is the impact on cash flow of 5-day increase in accounts receivable days? O A decrease in cash flow by approximately $64,669. O A decrease in cash flow by approximately $87,730. An increase in cash flow by approximately $87,730.
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter6: Statement Of Cash Flows
Section: Chapter Questions
Problem 14E
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