Answer:
The correct answer is $10,546.
Explanation:
According to the scenario, the given data are as follows:
Cash in checking account = $6,000
Cash in a savings account = $1,000
High -grade government securities due in one month = $3,546
Account receivable = $3,000
So, we can calculate the cash and cash equivalents by using following method:
Cash and cash equivalents = Cash in checking account + Cash in a savings account + High -grade government securities
By putting the value, we get
Cash and cash equivalents = $6,000 + $1,000 + $3,546
= $10,546.
