The Following Information Is for Auxiliary, Inc

question 42

Multiple Choice

The following information is for Auxiliary, Inc. for the month of May: cash sales of $200,000; accounts receivable payments of $200,000; accounts payable of $200,000; wages and salaries of $100,000; and, interest payments of $50,000. There are no other cash inflows or outflows for the month of May and its beginning monthly cash balance is $50,000. What is Auxiliary's ending cash balance for May?

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