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exteesy07 exteesy07
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2 months ago
On January 1 Joe's Hardware Store Ltd. had $2,300 in cash and had neither accounts receivable nor payable outstanding. During the month of January, the store had received orders from two contractors for building materials for $20,500, each, which would be paid at the end of January. During the month, the store had expenses of $15,500 for salaries, $40,500 for inventory, and $2,200 of utilities. What is the January 31st cash balance for Joe's Hardware Store Ltd.?

▸ $2,400

▸ -$20,400

▸ -$12,500

▸ -$14,900
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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studyinnursestudyinnurse
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exteesy07 Author
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2 months ago
Thanks for your help!!
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Yesterday
Thanks
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2 hours ago
Good timing, thanks!
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