Firm W cash sales for the month are $150,000 and its accounts receivable payments for the month are $100,000.What is its total incoming cash flow for the month if its beginning cash for the month is $50,000,its wages and salaries for the month are $50,000 and there are no other cash inflows for the month?

Question

Quizplus · Accepted Answer

Total incoming cash flow for the month includes cash sales, accounts receivable payments, and beginning cash, while deducting wages and salaries paid. Therefore, the total incoming cash flow for the month is:
$150,000 (cash sales) + $100,000 (accounts receivable) + $50,000 (beginning cash) - $50,000 (wages and salaries) = $250,000. Therefore, the correct answer is C, $250,000.

Firm W Cash Sales for the Month Are $150,000 and Its