As of the Beginning of the Quarter, Callahan, Inc

question 21

Multiple Choice

As of the beginning of the quarter, Callahan, Inc. had a cash balance of $320. During the quarter the company paid suppliers $230. The company collected $400 from customers. The company also
Paid an interest payment of $40 and $170 in taxes. In addition, the company borrowed $100. What
Is Callahan's cash balance at the end of the quarter?

• A) $60
• B) $180
• C) $380
• D) $520
• E) $620

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Definitions:

Risk Profile

A summary outlining the types of threats an organization, asset, project, or individual faces, evaluated in terms of likelihood and impact.

Firm Value

The total worth of a company, determined by its assets, earnings, and market perception, influencing shareholder wealth.

Price of Corn

The monetary value at which corn can be bought or sold in the market.

Financial Risk Management

The practice of protecting economic value in a firm by using financial instruments to manage exposure to risk.