Question
In: Finance
A company has CFO = 10, CFF = 92, CFI = 0, and ending cash balance...
A company has CFO = 10, CFF = 92, CFI = 0, and ending cash balance is $200, what is the beginning cash balance?
Solutions
Expert Solution
Change in Cash Balance = CFO + CFF + CFI
So, Change in Cash Balance = 10 + 92 + 0 = 102
The ending Cash Balance is $200.
So, The Change In Cash Balance = Ending Cash Balance -Beginning Cash Balance.
So, Beginning Cash Balance = 200 - 102 = $98.
That means, there was 98 in cash balance at beginning and there was a cashflow from activities of 102 and so, now the balance is 200.
jeff jeffy answered 2 years agoRelated Solutions
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Question 1 Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash $ 256,000...
Question 1
Beaker Company
Statements of Financial Position
Beginning Balance
Ending Balance
Assets:
Cash
$
256,000
$
231,240
Accounts receivable
144,000
192,000
Inventory
310,000
240,000
Plant and equipment (net)
492,000
445,000
Investment in Cedar Company
301,000
286,000
Land (undeveloped)
280,000
280,000
Total assets
$
1,783,000
$
1,674,240
Liabilities and owners' equity:
Accounts payable
$
214,000
$
238,000
Long-term debt
810,000
810,000
Owners' equity
759,000
626,240
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$
1,783,000
$
1,674,240
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