31st March. This is Network Company's first period of operation and their starting cash balance is $5 000. ESTIMATES: Cash receipts from sales $600 000 Cash payments for expenses 260 000 Purchase of non-current assets ($10 000 40 000 balance to be paid April) Depreciation of non-current assets 8 000 Repayment of bank loan 50 000 Using the estimates provided above, What is the expected cash payments at 31st March? Select one: a. $358 000 b. $348 000 c. $340 000 O d. $255 000 Previous page Next page