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Question
what is the formula for determining ending cash balance? ending cash balance = total cash + total costs ending cash balance = total cash / total costs ending cash balance = total cash - total costs ending cash balance = total cash × total costs
Brief Explanations
The ending cash balance is calculated by starting with the total cash available and subtracting the total costs incurred. This is because costs reduce the amount of cash on - hand.
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Ending cash balance = Total cash - Total costs