Response to the following problem:
Kochyo purchases an inventory of spare parts on credit from its suppliers for $15,000. During the month Kochyo pays its suppliers $10,000 and sells spare parts (which cost the business $8,000) to its customers on credit for $20,000. Customers pay Kochyo $12,000 during the month.
How much does inventory change?
How much does payables change?
What is the change in receivables?
What is the change in net profit?
How much does the bank account change?