Hardwood Furniture Limited sold $1,225,000 worth of tables, chairs and other furniture last year.During that time period, the company collected $975,755 for those items and paid $407,844 for thematerials used in producing the furniture they sold. What was Hardwood's net cash flow for last year?

Question

Quizplus · Accepted Answer

Net cash flow is calculated as cash collected minus cash paid for materials, which is $975,755 - $407,844 = $567,911.

Hardwood Furniture Limited Sold $1,225,000 Worth of Tables, Chairs and Other