Question

stormer company reports the following amounts on its statement of cash flow: net cash provided by operating activities of $36,500; net cash used in investing activities of $13,400 and net cash used in financing activities of $17,100. if the beginning cash balance is $6,700, what is the ending cash balance?

Answer 1

$13700

To calculate the ending cash balance, we need to add the net cash provided by operating activities to the beginning cash balance, and then subtract the net cash used in investing activities and net cash used in financing activities.

Beginning Cash Balance: $6,700

Net Cash Provided by Operating Activities: $36,500

Net Cash Used in Investing Activities: -$13,400

Net Cash Used in Financing Activities: -$17,100

Ending Cash Balance = Beginning Cash Balance + Net Cash Provided by Operating Activities - Net Cash Used in Investing Activities - Net Cash Used in Financing Activities

Ending Cash Balance = $6,700 + $36,500 - $13,400 - $17,100

Ending Cash Balance = $13,700

Therefore, the ending cash balance is $13,700.