Answer:
$440,000
Explanation:
Data provided
Cash provided by operating activities = $320,000
Cash used by investing activities = $110,000
Cash provided by financing activities = $140,000
Beginning cash balance = $90,000
The computation of ending cash balance is shown below:-
= Beginning cash balance + Cash provided by operating activities + Cash provided by financing activities - Cash used by investing activities
= $90,000 + $320,000 + $140,000 - $110,000
= $550,000 - $110,000
= $440,000
Therefore for computing the ending cash balance we applied the above formula.
