Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during the year, the train stop decreased its acco

During the year, The Train Stop decreased its accounts receivable by $60, increased its inventory...

90.2K

Verified Solution

Question

Accounting

During the year, The Train Stop decreased its accounts receivable by $60, increased its inventory by $130, and decreased its accounts payable by $20.

Q1: What is the net result of Train Stops cash balance from these transactions? [50%]

Q2: What is the effect of the changes affect Trains Stops liquidity? [50%]

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Calculate the range population variance and p

Biology
1.2K views

2. Various enteric bacteria, especially E. coli, are the cause of most urinary tract infections in...

Basic Math
1.2K views

Suppose that you are interested in estimating the average number of miles per gallon of gasoline...

Finance
1.2K views

In early January 2010?, you purchased ?$19 comma 000 worth of some? high-grade corporate bonds. The...

Physics
1.2K views

Two point charges are kept at a certain distance from one another The graph represents...

Physics
1.2K views

If the dimensions of a physical quantity are given by MALT then the physical quantity...

Algebra
1.2K views

3 4 points A car rental agency charges 225 per week to rent a car...

Accounting
1.2K views

Required Information [The following information applies to the questions displayed below.) Warnerwoods Company uses a...

Accounting
1.2K views

best store purchases backpacks for $793.20. the selling price is set to allow for overhead...

Accounting
1.2K views

Startup costs for an online business, requires creating a balance sheet Startup costs ...

Finance
1.2K views

jauna made $179,200 in salary during 2018. how much were her FICA withholdings for that...

Accounting
1.2K views

1. Given the data for the 1st month of NovKo ltd.: 2nd month: The salaries...