A house painting business had revenues of $16,000 and expenses of $9,000 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital: Beginning End Accounts receivable $1,200 $4,500 Accounts payable 700 300 Calculate net cash flow for the business for this period.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

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answer; dividing net income by 1- t ;

answer(b) revenue account which increases;