Answered
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
On Jul 28, 2024