Question
In: Finance
Firm Y accounts payable for the month are $150,000 and its wages and salaries for the...
Firm Y accounts payable for the month are $150,000 and its wages and salaries for the month are $100,000. What is its total outgoing cash flow for the month if its interest payments for the month are $50,000 and its beginning cash for the month is $50,000, there are no other cash outflows for the month?
A.
$350,000
B.
$250,000
C.
$400,000
D.
$300,000
Solutions
Expert Solution
Question:
Firm Y accounts payable for the month are $150,000 and its wages and salaries for the month are $100,000. What is its total outgoing cash flow for the month if its interest payments for the month are $50,000 and its beginning cash for the month is $50,000, there are no other cash outflows for the month?
A. $350,000
B. $250,000
C. $400,000
D. $300,000
Ans D. $300,000
Explanatory Solution:
Given:
Accounts Payable for the Month = $ 150,000
Wages and Salaries for the Month = $ 100,000
Interest Payments for the Month = $ 50,000
Beginning Cash for the Month = $ 50,000
Other Cash Outflows for the Month = 0
To Calculate:
Total Outgoing Cash Flow for the Month
Formula:
We know that,
Total Outgoing Cash Flow for the Month = Accounts Payable for the Month + Wages and Salaries for the Month + Interest Payments for the Month + Other Cash Outflows for the Month
On putting the value in the formula, we get,
Total Outgoing Cash Flow for the Month = $ 150,000 + $100,000 + $ 50,000
= $ 300,000
Total Outgoing Cash Flow for the Month = $ 300,000
Ans D. $300,000
jeff jeffy answered 1 year agoRelated Solutions
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