The Following Information Is for Missouri,Inc

question 6

Multiple Choice

The following information is for Missouri,Inc.for the month of June: cash sales of $300,000; accounts receivable payments of $100,000; accounts payable payments of $250,000; wages and salaries of $150,000; and,interest payments of $50,000.There are no other cash inflows or outflows for the month of June and its beginning monthly cash balance is $100,000.What is the firm's ending cash balance for June?

• A)$0
• B)$50,000
• C)$100,000
• D)$150,000

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Definitions:

Compound

Consisting of two or more elements that are combined in a specific way.

Atomic

Relates to atoms, the smallest constituent units of ordinary matter, or denotes something basic and indivisible in a particular context.

Truth-functional Compound

A complex statement in logic that is determined to be true or false based entirely on the truth values of its component statements.

Quantifier

A logical symbol or word used in mathematics and logic to specify the quantity of specimens in the domain of discourse.