Question

The net cash flow provided by operating activities is an inflow of $37,042, the net cash flow used in investing activities is $16,831, and the net cash flow used in financing activities is $26,397. If the beginning cash account balance is $11,283, what is the ending cash account balance

Answer 1

To find the ending cash account balance, add the net cash flow from operating activities to the beginning cash account balance, and then subtract the net cash flow used in investing activities and the net cash flow used in financing activities.

Step-by-step explanation:

To calculate the ending cash account balance, we need to consider the net cash flow from operating, investing, and financing activities. Starting with the beginning cash account balance of $11,283, we add the net cash flow from operating activities of $37,042. Then we subtract the net cash flow used in investing activities of $16,831 and the net cash flow used in financing activities of $26,397. The calculation would be:

$11,283 + $37,042 - $16,831 - $26,397 = $5,097

Therefore, the ending cash account balance is $5,097.