On April 1st, Your fiRm Had a Beginning Cash Balance

question 6

Multiple Choice

On April 1st, your firm had a beginning cash balance of £280.Your sales for March were £460 and your April sales were £510.During April you had cash expenses of £130 and payments on your
Trade payables to £210.Your trade receivables period is 30 days.What is your firm's beginning cash
Balance on May 1st?

• A)£400
• B)£430
• C)£450
• D)£860
• E)£910

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Definitions:

Multilevel Sort

A process of organizing data in a hierarchy, sorting items on primary, secondary, and further levels.

Worksheet Data

Information or content entered into the cells of a worksheet in spreadsheet software.

Single-Column Ascending

Refers to a sorting method where data in a single column is arranged from lowest to highest value.

Stop Error Alert

A notification or message displayed when a critical error occurs, often requiring immediate attention or causing the system to halt.