What was the cash generated by the revenues

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Reference no: EM131486992

Question: Accrual Accounting and Cash (Medium)

a. A firm reported $405 million in revenue and an increase in receivables of $32 million. What was the cash generated by the revenues?

b. A firm reported wages expense of $335 million and cash paid for wages of $290 million. What was the change in wages payable for the period?

c. A firm reported net property, plant, and equipment (PPE) of$873 million at the beginning of the year and $923 million at the end of the year. Depreciation on the PPE was $131 million for the year. There were no disposals of PPE. How much new investment in PPE was there during the year?

Reference no: EM131486992

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