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stranahan stranahan
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7 years ago
A company's cash sales for May are $300,000, its accounts receivable payments for May are $200,000, its beginning cash for May is $50,000, and there are no other cash inflows for May. Its accounts payable for May are $250,000, its wages and salaries for May are $100,000, its interest payments for May are $50,000, and there are no other outflows for May. What is the company's ending cash balance for May?
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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flappunctualflappunctual
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stranahan Author
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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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