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Question
Use the following information to calculate the change in the company's cash balance for the year.| Credit Sales | $800,000 |
| Cash Sales | $500,000 |
| Operating Expenses on Credit | $200,000 |
| Cash Operating Expenses | $700,000 |
| Accounts Receivable (Beg. of Year) | $50,000 |
| Accounts Receivable (End of Year) | $80,000 |
| Accounts Payable (Beg. of Year) | $50,000 |
| Accounts Payable (End of Year) | $100,000 |
| Income Taxes Paid | $160,000 |
A) $145,000
B) $180,000
C) $260,000
D) $365,000
Answer
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