Calculate the cash available at the end of the day if cash at the beginning is $650, receipts from customers are $400 and payments to suppliers are $300.
A)$750
B)$200.
C)$750.
D)$1,400.

Question

Quizplus · Accepted Answer

Starting with $650, adding $400 in receipts from customers gives a total of $1,050. Substracting payments to suppliers of $300 leaves a cash balance of $750. Therefore, the correct option is C).

Calculate the Cash Available at the End of the Day