Need help with 15... thx
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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,
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.
Finally, we can see that the ending cash balance is $12,800
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