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You are given the following information for Dawn Corp.:

Decrease in inventory $ 550
Decrease in accounts payable 225
Increase in notes payable 210
Increase in accounts receivable 240

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Question Completion:

Did cash go up or down? By how much?

Answer:

Dawn Corp.

The cash increased by $295.

Step-by-step explanation:

a) Data and Calculations:

Decrease in inventory $ 550

Decrease in accounts payable -225

Increase in notes payable 210

Increase in accounts receivable -240

Increase in cash balance = $295

b) A decrease in inventory and an increase in notes payable sources of cash inflow. On the other hand, a decrease in accounts payable and an increase in accounts receivable are sources of cash outflow.

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