Consider the following information for a different company, Green Tech Innovations: Year 2020 2021 Cash flow from operating activity $500 Cash flow from investing activity ($600) Cash flow from financing activity ($300) Ending cash balance $15,000 What is the ending cash balance for 2021? $1,200 $300 ($400)
Consider the following information for a different company, Green Tech Innovations: Year 2020 2021 Cash flow from operating activity $500 Cash flow from investing activity ($600) Cash flow from financing activity ($300) Ending cash balance $15,000 What is the ending cash balance for 2021? $1,200 $300 ($400)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter16: Financial Planning And Forecasting
Section: Chapter Questions
Problem 2P: AFN EQUATION Refer to Problem 16-1. What additional funds would be needed if the companys year-end...
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Transcribed Image Text:Consider the following information for a different company, Green
Tech Innovations:
Year
2020
2021
Cash flow from operating activity $500
Cash flow from investing activity ($600)
Cash flow from financing activity ($300)
Ending cash balance
$15,000
What is the ending cash balance for 2021?
$1,200
$300
($400)
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