As of the Beginning of the Quarter, Trellis Florists Has

question 402

Multiple Choice

As of the beginning of the quarter, Trellis Florists has a cash balance of $420. During the quarter, suppliers are paid $840, receivables of $1,010 are collected, taxes of $260 are paid, and $55 is borrowed. What is Trellis' cash balance at the end of the quarter?

• A) $295
• B) $310
• C) $330
• D) $385
• E) $415

---

Definitions:

Labor Cost

The total sum of all wages paid to employees, as well as the costs of employee benefits and payroll taxes paid by an employer.

Backflow

The reverse flow of water or other substances into the pipes of a potable water supply from any source other than its intended source.

Migration

The movement of people from one place to another, often across political or economic boundaries, for various reasons including work, education, or escape from conflict.