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stranahan stranahan
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7 years ago
The following information is for Auxiliary, Inc. for the month of May: cash sales of $200,000; accounts receivable payments of $200,000; accounts payable of $200,000; wages and salaries of $100,000; and, interest payments of $50,000. There are no other cash inflows or outflows for the month of May and its beginning monthly cash balance is $50,000. What is Auxiliary's ending cash balance for May?
A) $100,000
B) $150,000
C) $50,000
D) -$50,000
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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tokentame78tokentame78
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stranahan Author
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#2
7 years ago
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.
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