Multiple Choice
(Appendix 10A) A firm expects credit sales for the week to amount to $3,000, accounts receivable to increase by $200, and accounts payable to decrease by $500. Given this information, what will be the effect on cash?
A) $2,700 increase
B) $2,300 increase
C) $1,700 increase
D) $1,300 increase
Correct Answer:
Verified
Correct Answer:
Verified
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