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Bedford Corp. began the year with $15,000 in cash and another $8,500 in cash equivalents. During the year, operations generated $140,000 in cash. Net cash used in investing activities during the year was $210,000, and the company raised a net amount of $180,000 from financing activities. Determine the year-end balance in cash and cash equivalents.

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Answer #1: Posted by jforadada on January 14th, 2011 9:20 AM

This answer was accepted by the poster of the original question.

jforadada

Member since:
January 14th, 2011

Points: 1,250

1,140
points

133,500

Begining cash and cash equivalents balance + cash from operations - cashed used in investing + cash raised = ending balance

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