Zippy had cash inflows from operations $60,500; cash outflows from investing activities of $47,000; and cash inflows from financing of $25,000. The net change in cash was:
A) $132,000 increase.
B) $132,500 decrease.
C) $38,500 decrease.
D) $11,500 decrease.
E) $38,500 increase.

Question

Quizplus · Accepted Answer

The net change in cash is calculated by adding cash inflows and subtracting cash outflows: $60,500 (inflows from operations) - $47,000 (outflows from investing) + $25,000 (inflows from financing) = $38,500 increase.

Zippy Had Cash Inflows from Operations $60,500; Cash Outflows from Investing