As of the beginning of the quarter,you have a cash balance of $250. During the quarter you pay your suppliers $310. Your accounts receivable collections are $420. You also pay an interest payment of $30 and a tax bill of $180. In addition,you borrow $75. What is your cash balance at the end of the quarter?
A) $225
B) $245
C) $255
D) $275
E) $285
Correct Answer:
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