Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018: Net cash provided by operating activities: $108,000 Net cash used for investing activities: ($118,500) Net cash provided by financing activities: $16,000 If the cash balance at the beginning of the year was $13,200, what is the ending cash balance? A. $18,700 B. $13,200 C. $10,500 D. $5,500

$18,700

Explanation

Net cash provided by the operating activities =$108,000

Add: Net cash provided by the financing activities =$16,000

Less : The net cash used for the investing activities = $118,500

The net increase in Cash will now.be:

= ($108,00 + $16,000) - $118,500

= $5,500

Add: Cash at the beginning of the year. This will be:

= $5500 + $13,200

= $18,700

Ending cash balance will be $18700

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3rd the reason why is because of management and leadership