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A Company's Cash Sales for May Are $300,000, Its Accounts

Question 88

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A company's cash sales for May are $300,000, its accounts receivable payments for May are $200,000, its beginning cash for May is $50,000, and there are no other cash inflows for May. Its accounts payable for May are $250,000, its wages and salaries for May are $100,000, its interest payments for May are $50,000, and there are no other outflows for May. What is the company's ending cash balance for May?

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The total incoming cash flow for May = c...

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