Last year, Monroe Products had $25,000 net cash provided by its operating activities. Its investing activities used $30,000, and its financing activities provided $10,000. Its cash balance at the beginning of the year was $15,000. By how much did Monroe's cash balance increase?
A)$10,000
B)$0
C)$5,000
D)None of the above

Question

Quizplus · Accepted Answer

To calculate the increase in cash balance, we need to subtract the total cash used in investing and financing activities from the net cash provided by operating activities and add the beginning cash balance. 
($25,000 - $30,000 + $10,000) + $15,000 = $5,000 
Therefore, the cash balance increased by $5,000.

Last Year, Monroe Products Had $25,000 Net Cash Provided by Its