Question

Hailey owns a bike shop. She is preparing the cash flow statement for her first year of operation. She had a beginning cash balance of $4,700, $101,000 in total cash sales, $3,300 for utilities, $2,500 in loan payments, and $5,600 for marketing costs. What is Hailey's ending cash balance?

o o o o
$94,600
$105,700
$11,400
$94,300

Answer 1

$94,300

Calculation: Beginning cash $4,700 + cash sales $101,000 = $105,700. Subtract outflows $3,300 + $2,500 + $5,600 = $11,400. Ending cash = $105,700 − $11,400 = $94,300.