During November Kobe Orr invested $300 in a new pet-sitting business Kobe's Cats.During its first month of operations Kobe's Cats performed services and billed customers $750 paid $150 for advertising and collected $500 from customers.Use the following tabular analysis to determine Kobe's Cats' Cash balance at the end of November

Question

Quizplus · Accepted Answer

- Starting cash balance: $300
- Revenue earned: $750
- Advertising expenses: -$150
- Amount collected from customers: +$500
- Total cash balance: $1,400
- Subtracting initial investment: -$300
- Final cash balance: $1,100
Therefore, Kobe's Cats' cash balance at the end of November would be $650, which is option C.

During November Kobe Orr Invested $300 in a New Pet-Sitting