As of the beginning of the quarter,a firm has a cash balance of $318.During the quarter,the firm pays its suppliers $297 and collects $398 from customers.It also pays an interest payment of $32 and a tax bill of $164.In addition,the firm borrows $125.What is the cash balance at the end of the quarter?
A) $98
B) $145
C) $253
D) $348
E) $305
Correct Answer:
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