Over the past month,Monica noted that she disbursed $6,347 in payments for operations in her travel agency and received $6,189 in cash receipts for services rendered.She had no cash receipts or disbursements from investments or financing activities.Thus Monica had a:

Question

Quizplus · Accepted Answer

Monica disbursed more in payments than she received in cash receipts, resulting in a negative cash flow. This means she had to use other sources of funds, such as savings or loans, to cover her expenses. The fact that there were no cash receipts or disbursements from investments or financing activities further supports the conclusion that Monica had a negative cash flow from her operations.

Over the Past Month,Monica Noted That She Disbursed $6,347 in Payments