Calculate the cash available at the end of the day if cash at the beginning is $450, receipts from customers are $600 and payments to suppliers are $350.
A) $200
B) $750
C) $1,400
D) $700

Question

Quizplus · Accepted Answer

Cash at the beginning = $450 
Receipts from customers = $600 
Payments to suppliers = $350

Cash available at the end of the day = Cash at the beginning + Receipts - Payments 
= $450 + $600 - $350 
= $700

Therefore, the correct answer is D) $700.

Calculate the Cash Available at the End of the Day