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You Have a Landscaping Business You Have the Following Financial Information for the Month: Initial Cash Balance: 1,200 Projected

Problemas

You have a landscaping business You have the following financial information for the month: Initial cash balance: 1,200 Projected revenue based on existing clients: 2,350 Gas: 100 Equipment maintenance fees: 290 Truck payment: 400 Payroll: 2,900 Insurance: 120 What is your projected ending cash balance for the month? A. - 140 B. - 260 C. 940 D. 2,640

Roztwór

Cristian maestro · Tutor durante 5 años
Weryfikacja ekspertów
4.1 (271 Votos)

Respuesta

To calculate the projected ending cash balance for the month, we need to consider all the financial information provided.Initial cash balance: 2,350Gas: 290Truck payment: 2,900Insurance: 100 + 400 + 120 = 2,350 - 1,460Finally, let's calculate the projected ending cash balance:Projected ending cash balance = Initial cash balance + Net cash flow = 1,460) = - 260.The correct answer is B. -$260.