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?