Final answer:
To calculate Lohmeyer Corporation's ending cash balance, one must add cash from operations and financing to the beginning balance, and subtract cash used in investing. The correct answer is c. $440,000.
Step-by-step explanation:
Calculation of Ending Cash Balance
To find the ending cash balance for Lohmeyer Corporation, we need to look at the cash flows from different activities and apply them to the opening balance. The company has provided the following figures:
Cash provided by operating activities: $320,000
Cash used by investing activities: $110,000
Cash provided by financing activities: $140,000
Beginning cash balance: $90,000
To calculate the ending balance, we follow these steps:
Add the cash provided by operating activities to the beginning balance.
Subtract the cash used by investing activities.
Add the cash provided by financing activities.
Here is the calculation:
\[Beginning~Cash~Balance + Cash~from~Operating - Cash~used~in~Investing + Cash~from~Financing = Ending~Cash~Balance\]
\[$90,000 + $320,000 - $110,000 + $140,000 = $440,000\]
Thus, the answer is c. $440,000 as Lohmeyer's ending cash balance.