As of the beginning of the quarter,a firm has a cash balance of $250.During the quarter the firm pays its suppliers $310 and collects $420 from customers.It also pays an interest payment of $30 and a tax bill of $170.In addition,the firm borrows $135.What is the cash balance at the end of the quarter?
A) $225
B) $245
C) $255
D) $295
E) $305
Correct Answer:
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