you have a handyman services business. you have the following financial information for the month:\n•…

you have a handyman services business. you have the following financial information for the month:\n• initial cash balance: $1,500\n• projected revenue based on existing clients: $2,500\n• gas: $100\n• equipment maintenance fees: $300\n• truck payment: $400\n• payroll: $3,000\n• insurance: $120\nwhat is your projected ending cash balance for the month?

you have a handyman services business. you have the following financial information for the month:\n• initial cash balance: $1,500\n• projected revenue based on existing clients: $2,500\n• gas: $100\n• equipment maintenance fees: $300\n• truck payment: $400\n• payroll: $3,000\n• insurance: $120\nwhat is your projected ending cash balance for the month?

Answer

Explanation:

Step1: Calculate total cash inflow

Initial cash balance + Projected revenue = $1500 + $2500

Step2: Calculate total cash outflow

Gas + Equipment maintenance fees + Truck payment + Payroll + Insurance = $100 + $300 + $400 + $3000 + $120

Step3: Calculate projected ending cash balance

Total cash inflow - Total cash outflow = ($1500 + $2500) - ($100 + $300 + $400 + $3000 + $120) $4000 - $3920 = $80

Answer:

$80