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A company has the following budgeted cash flow amounts for coming periods: - Month Net Changes: Inflows/Outflows Amount June 20X1 Inflows 150,000 July 20X1
A company has the following budgeted cash flow amounts for coming periods: - Month Net Changes: Inflows/Outflows Amount June 20X1 Inflows 150,000 July 20X1 Outflows 100,000 August 20X1 Outflows 160,000 September 20X1 Inflows 150,000 October 20X1 Outflows 80,000 If the company starts on 1 July 20X1 with a positive bank balance of 220,000, how much will be the closing bank balance on 31 October 20X1? Select one: O a. 30,000 (positive) bank balance O b. 40,000 (overdrawn) bank balance Oc. 180,000 (positive) bank balance Od. 190,000 (overdrawn) bank balance
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