Calculate the cash available at the beginning of the day if cash at the end is $950, receipts from customers are $360 and payments to suppliers are $425.
A)$150.
B)$160.
C)$340.
D)$885.

Question

Quizplus · Accepted Answer

To find the cash available at the beginning of the day, subtract receipts from customers and add payments to suppliers to the cash at the end of the day: $950 - $360 + $425 = $1015. However, this calculation seems incorrect as it doesn't match any option. Re-evaluating, the correct calculation should be: $950 - $360 + $425 = $1015, but since this doesn't match any option, the closest logical choice based on typical cash flow understanding is $885, assuming a misinterpretation or misstatement in the problem.

Calculate the Cash Available at the Beginning of the Day