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You also pay an interest payment of 30 and a tax bill of

Question - As of the beginning of the quarter, you have a cash balance of $250. During the quarter you pay your suppliers $310. Your accounts receivable collections are $420. You also pay an interest payment of $30 and a tax bill of $180. In addition, you borrow $75. What is your cash balance at the end of the quarter?

A. $225

B. $245

C. $255

D. $275

E. $285

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Accounting Basics: You also pay an interest payment of 30 and a tax bill of

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