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As of the Beginning of the Quarter,Swenson's,Inc

Question 90

Multiple Choice

As of the beginning of the quarter,Swenson's,Inc.had a cash balance of $460.During the quarter,the company collected $480 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) $290
C) $310
D) $350
E) $490

Correct Answer:

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