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Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $37,500; net cash used in investing activities was $13,800 and net cash used in financing activities was $17,700. If the beginning cash balance is $6,900, what is the ending cash balance?
a) $75,900.
b) $62,100.
c) $40,500.
d) $6,000.
$12,900.

Respuesta :

ayokenny2001

Answer:

e. $12,900

Explanation:

Given that:

Net Cash provided by operating activities = $37,500

Net Cash used in investing activities = $13,800

Net Cash used in financing activities = $17,700

Beginning cash balance = $6,900

Stormer company's ending balance would be;

= Beginning cash balance + Net cash provided by operating activities - Net cash used in financing activities - Net cash used in investing activities

= $6,900 + $37,500 - $17,700 - $13,800

= $12,900

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