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\n\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\n\nwhat is your projected ending cash balance for the month?

Answer

Explanation:

Step1: Calculate total expenses

$100 + 300+400 + 3000+120=$3920$

Step2: Calculate projected ending cash balance

$1500 + 2500-3920=$80$

Answer:

$80$