Use the income statement and the list of changes to answer the question. Hopewell Corporation
Income Statement
January 1 to December 31, 2017 amounts in thousands)
Revenue 6400
Cost of Goods Sold (COGS) 1280
Gross Income 5120
Sales, General, & Administrative Expenses (SG&A) 640
Depreciation Expense 1100
Other Expenses 600
Earnings Before Interest & Taxes (EBIT) 2780
Interest 80
Pre-Tax Income 2700
Income Taxes 1080
Net Income 1620
Between January 1 and December 31, 2017:
1. Accounts Receivable decrease by $400,000
2. Accounts Payable decrease by $100,000
3. Gross Property, Plant, & Equipment increase by $7,800,000
4. Long Term Debt increases by $200,000
Assume no other changes What is the Net Cash Flow?

Value economics capital scarcity opportunity cost wealth labor trade-offs standard of living good a. condition of not having enough resources to produce all the things people want b. alternative choices made by consumers in the marketplace c. sum of those economic products that are tangible, scarce, useful, and transferable d. tools, equipment, machinery, and factories used in the production of goods and services e. tangible item that is economically useful or that satisfies an economic want f. quality of life based on the ownership of the necessities and luxuries that make life easier g. people with all their efforts, abilities, and skills h. cost of the next-best alternative use of money, time, or resources when one choice is made rather than another i. study of how people try to satisfy their needs through the careful use of scarce resources j. worth that can be expressed in dollars and cents