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The Following Information Is for Missouri,Inc

question 6

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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?


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