As of the Beginning of the Quarter,Lester's Market Had a Cash

question 30

Multiple Choice

As of the beginning of the quarter,Lester's Market had a cash balance of $326.During the quarter the market paid suppliers $310,collected $418 on its accounts receivables,paid an interest payment of $32,and a tax bill of $184.In addition,the market borrowed $80.What was the cash balance at the end of the quarter?

• A)$298
• B)$267
• C)$255
• D)$272
• E)$286

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Definitions:

Reading Level

A measure or assessment of an individual's reading ability or how complex a text is, usually defined by grade level or age group.

Bend At The Knees

A movement where the knees are flexed while keeping the back straight, usually advised to prevent injury during lifting.

Back Muscles

A group of muscles in the back that support the spine, assist in movement, and maintain posture.

Heavy Object

An item of significant weight, often requiring more than a person's physical capability to move or lift it.