The Colorado Jet Boat Company had a cash balance of $3 million at the beginning of 2010.During 2010,Sales were $8 million and expenses were $7 million.Therefore,
A) the cash balance at the end of 2010 is $4 million.
B) the cash balance at the end of 2010 must be greater than $3 million.
C) the cash balance at the end of 2010 must be less than $11 million.
D) the cash balance at the end of 2010 cannot be determined from the information given.
Correct Answer:
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