Calculate the cash available at the end of the day if cash at the beginning is $450,receipts from customers are $600 and payments to suppliers are $350.
A) $750.
B) $200.
C) $700.
D) $1,400.

Question

Quizplus · Accepted Answer

The cash available at the end of the day can be calculated by adding the cash at the beginning ($450) to the receipts from customers ($600) and subtracting the payments to suppliers ($350). 
So, the cash available at the end of the day = $450 + $600 - $350 = $700. 
Therefore, the best choice is C.

Calculate the Cash Available at the End of the Day