As of the beginning of the quarter, you have a cash balance of £250.During the quarter you pay your suppliers £310.Your trade receivables collections are £420.You also pay an interest payment
Of £30 and a tax bill of £180.In addition, you borrow £75.What is your cash balance at the end of
The quarter?
A) £225
B) £245
C) £255
D) £275
E) £285
Correct Answer:
Verified
Q82: Your firm has a net cash inflow
Q83: On April 1st, your firm had a
Q84: Your bank offers you a £100,000 line
Q85: Weisbro and Sons purchase its inventory
Q86: Your bank offers you a £40,000 line
Q88: D & F expects sales of £620,
Q89: The Babco Co.has a £200,000 line of
Q90: Your bank offers you a £100,000 line
Q91: Your firm has a net cash inflow
Q120: At the beginning of the year, you
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents