Determine the Increase or Decrease in Cash for Rinky Supply

question 23

Multiple Choice

Determine the increase or decrease in cash for Rinky Supply Company for last year,given the following information.(Assume no other changes occurred during the past year. ) Decrease in marketable securities = $25
Increase in accounts receivables = $50
Increase in notes payable = $30
Decrease in accounts payable = $20
Increase in accrued wages and taxes = $15
Increase in inventories = $35
Retained earnings = $ 5

• A) −$50
• B) +$40
• C) −$30
• D) +$20
• E) −$10

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Definitions:

Downsized Company

Refers to an organization that has undergone reduction in size, often through layoffs or selling off divisions, to improve efficiency or reduce costs.

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A vision or strategy aimed at achieving greater success, resilience, and sustainability in the coming years.

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Employment situations where individuals are hired for a specific, limited period of time, often to fill in for absent staff or to handle extra work.