What is the projected ending cash balance at the end of February? Assume that every month has 30 days.

Question

Quizplus · Accepted Answer

We can solve this problem by calculating the cash balance for each month and then adding up the balances to get the ending cash balance for February. Here is a table showing the monthly cash balances:

Month | Cash Balance
------|-------------
Jan   | $350 ($300 + $50)
Feb   | $40 ($80 - $40)

To get the ending cash balance for February, we add up the monthly balances:

$390 ($350 + $40)

Therefore, the best choice is (C), $390.

What Is the Projected Ending Cash Balance at the End