As of the beginning of the quarter, Swenson's, Inc. had a cash balance of $460. During the quarter, the company collected $520 from customers and paid suppliers $360. The company also paid an interest payment of $20 and a tax payment of $110. In addition, the company repaid $140 on its long-term debt. What is Callahan's cash balance at the end of the quarter?
A) -$110
B) $320
C) $350
D) $430
E) $490
Correct Answer:
Verified
Q92: The Cement Works has a beginning cash
Q93: Kid's Delight expects to sell $8,200 worth
Q93: The Delta Fish Hatchery factors its accounts
Q94: New York Bank provides Food Canning, Inc.
Q94: At the beginning of the year,you have
Q97: New Town Bank offers you a $40,000
Q98: The Sports Store has a $100,000 line
Q98: Rachel's has a $50,000 line of credit
Q101: You've worked out a line of credit
Q102: Compensating balances are frequently a part of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents