Question
On May 1, Vaya Corp. had a beginning cash balance of $175.00. Vayas sales for April were $430.00 and May sales were $480.00 During May.
On May 1, Vaya Corp. had a beginning cash balance of $175.00. Vayas sales for April were $430.00 and May sales were $480.00 During May. The firm had cash expenses of $110.00, and made payments on accounts payable of $290.00. Vayas accounts receivable period is 30 days. What is the firms cash balance on June 1?
| a. | $145.00 | |
| b. | $155.00 | |
| c. | $205.00 | |
| d. | $215.00 | |
| e. | $265.00 |
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The Freedmans Handbook A Practical Guide To Wealth
Authors: Wilfred Brown, Adrian Tullock
1st Edition
1478748400, 978-1478748403
