Question

Rico’s Taqueria had cash inflows from operating activities of $31,000; cash outflows from investing activities of $26,000, and cash outflows from financing activities of $16,000. Calculate the net increase or decrease in cash.

Answer 1

The Decrease in cash -$11,000

Step-by-step explanation:

The computation of the net increase or decrease in cash is shown below:

Cash inflows from operating activities $31,000

Less:

Cash outflows from investing activities -$26,000

Cash outflows from financing activities -$16,000

The Decrease in cash -$11,000

Hence, the decrease in cash is -$11,000 as they are two cash outflows activities and one inflow activities