Question

Lauren owns a restaurant. She had a beginning cash balance of $2,500, $57,250 in total cash sales, $5,300 for utilities, $7,500 in loan payments, and $3,200 for marketing costs. What is Hailey's ending cash balance for the year?

o o o o
$43,750
$75,750
$16,000
$59,750

Answer 1

Beginning cash $2,500 + cash sales $57,250 = $59,750 total cash available.
Less utilities $5,300 + loan payments $7,500 + marketing $3,200 = $16,000 in outflows.
Ending cash = $59,750 − $16,000 = $43,750.

Answer: $43,750.