if beginning year cash balance is $1,200, and net change in cash is ($200), what is the ending year cash…

if beginning year cash balance is $1,200, and net change in cash is ($200), what is the ending year cash balance? $1,200 $800 $1,000

if beginning year cash balance is $1,200, and net change in cash is ($200), what is the ending year cash balance? $1,200 $800 $1,000

Answer

Explanation:

Step1: Recall the formula

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

Step2: Substitute the values

Here, Beginning Year Cash Balance = $1200 and Net Change in Cash = - $200 (since it's ($200), which is a negative value). So, Ending Year Cash Balance = $1200+(-$200).

Step3: Calculate the result

$1200 - $200=$1000.

Answer:

$1000