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
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.