Question

Rico’s taqueria had cash inflows from operating activities of $35,000 cash outflows from investing activities of $30,000 and cash outflows from financing activities of $20,000 calculate the net increase or decrease in cash

Answer 1

well idk

Explanation:

Answer 2

There is net decrease of $15,000 in cash.

Explanation:

Rico’s taqueria had cash inflows from operating activities of $35,000

cash outflows from investing activities of $30,000

cash outflows from financing activities of $20,000

The net decrease in cash = 35000-(30000+20000)

= -$15000

Now decrease because outflow value is more than inflow.

Hence, there is net decrease of $15,000 in cash.