Alexander is going to buy a stereo from his older brother with $93 he will pay him an equal amount of money each month for 12 mo
nths until he has paid all of the money how much will Alexander pay his brother each month
1 answer:
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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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