BUSINESS HIGH SCHOOL

Beta Electronics the following data for the year ended December 31, 2019:A) Beginning Cash balance $14,000
B) Cash flows provided by operating activities 12,000
C) Cash flows used by investing activities (8,000)
D) Cash flows provided by financing activities 9,000
What is the ending cash balance?

Answers

Answer 1
Answer:

Answer:

$27000

Explanation:

Given: Beginning Cash balance $14,000

          Cash flows provided by operating activities 12,000

          Cash flows used by investing activities 8,000

          Cash flows provided by financing activities 9,000

Now, calculating the ending cash balance:

Ending cash balance is calculated by subtracting cash outflow from cash inflow.

∴ Ending cash balance= (\textrm{Beginning cash balance+cash flow from operating activities+ financing activities}- investing\ activities)

Ending cash balance= 14000+12000+9000-8000= 35000-8000

∴ Ending cash balance for December 31, 2019 is $27000.          

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