Rico's taqueria had cash inflows from operating activities of $35,000 cash outflows from investing activities of $30,000 and cash outflows from financing activities of $20,000 calculate the net increase or decrease in cash

Question

Phoebe Gaines

Mathematics

21 December, 18:00

Rico's taqueria had cash inflows from operating activities of $35,000 cash outflows from investing activities of $30,000 and cash outflows from financing activities of $20,000 calculate the net increase or decrease in cash

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Elaina Buchanan · Answer 1

There is net decrease of $15,000 in cash.

Step-by-step explanation:

Rico's taqueria had cash inflows from operating activities of $35,000

cash outflows from investing activities of $30,000

cash outflows from financing activities of $20,000

The net decrease in cash = 35000 - (30000+20000)

= - $15000

Now decrease because outflow value is more than inflow.

Hence, there is net decrease of $15,000 in cash.