As of the beginning of the quarter,you have a cash balance of £250.During the quarter you pay your suppliers £310.Your trade receivables 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?

Question

Quizplus · Accepted Answer

Cash balance at the beginning of the quarter: £250Payments to suppliers: £310Trade receivables collections: £420Interest payment: £30Tax bill: £180Borrowing: £75Cash balance at the end of the quarter: £250 + £420 - £310 - £30 - £180 + £75 = £225

As of the Beginning of the Quarter,you Have a Cash