Consider the Series ​

question 48

Short Answer

Consider the series
​ .
​
Determine whether the geometric series converges or diverges.
​
If it converges, find its sum.

Recognize transactions that influence cash flow but do not affect the income statement.

Determine the cash flow implications of changes to accounts receivable, inventory, and long-term liabilities.

Analyze how purchases and sales of assets affect investing activities.

Understand the role of depreciation in cash flow management.