Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $40,0
00; net cash used in investing activities was $14,800 and net cash used in financing activities was $17,400. If the beginning cash balance is $6,800, what is the ending cash balance?
1. Take out the constants -(2 x 3 x 4 x 2)xxyy^3 2. Simplify 2 x 3 x 4 x 2 to 48 -48xxyy^3 3. Use Product Rule: x^ax^b = x^a+b -48x^1+1y^1+3 4. Simplify 1 + 1 to 2 -48x^2y^1+3 5. Simplify 1 + 3 to 4 -48x^2y^4
