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Tatiana [17]
2 years ago
15

Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $30,5

00; net cash used in investing activities was $11,000 and net cash used in financing activities was $13,500. If the beginning cash balance is $5,500, what is the ending cash balance
Business
1 answer:
DIA [1.3K]2 years ago
6 0

Answer:

$38,500

Explanation:

Sheridan's ending cash balance can be calculated as;

= Beginning cash balance + cash provided by operating activities + cash provided by financing activities - cash used by investing activities

= $5,500 + $30,500 + $13,500 - $11,000

= $38,500

Therefore, the ending cash balance is $38,500

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