if beginning year cash balance is $17,000, and net change in cash is ($2,000), what is the ending year cash…

if beginning year cash balance is $17,000, and net change in cash is ($2,000), what is the ending year cash balance? $25,000 $15,000 $20,000

if beginning year cash balance is $17,000, and net change in cash is ($2,000), what is the ending year cash balance? $25,000 $15,000 $20,000

Answer

Explanation:

Step1: Recall the formula

Ending Year Cash Balance = Beginning Year Cash Balance + Net Change in Cash

Step2: Substitute the values

Given Beginning Year Cash Balance = $17,000 and Net Change in Cash = -$2,000 (since it's ($2,000), which is a decrease). So, Ending Year Cash Balance = $17,000+(-$2,000)

Step3: Perform the calculation

$17,000 - $2,000=$15,000

Answer:

$15,000