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dusya [7]
3 years ago
5

Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $37,0

00; net cash used in investing activities was $13,600 and net cash used in financing activities was $17,400. If the beginning cash balance is $6,800, what is the ending cash balance?
Mathematics
1 answer:
olchik [2.2K]3 years ago
7 0

Answer:

The ending cash balance is $12,800

Step-by-step explanation:

This is an addition and subtraction problem. We begin with the initial cash balance of $6,800. Next we are <u>"provided"</u> cash from various activities of $37,000. Based on the word used we can tell that this means we have to <em>add </em>this to our initial balance like so,

6,800 + 37,000 = 43,800

Now our balance is $43,000. Next we are told that Net Cash <u>"used"</u> in investing activities is $13,600 and <u>"used"</u> in financing activities is $17,400. Based on this word we can tell that this money is being <em>subtracted</em> from our balance.

$43,000 - 13,600 - 17,400 = 12,800

Finally, we can see that the ending cash balance is $12,800

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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