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HN Company had a beginning cash balance of $50,000; cash payments of $15,000 and a loan balance with the bank of $7,000. If HN has an agreement with the bank that they will maintain a minimum cash balance of $30,000, their ending cash balance is $

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abiolataiwo2015

Based on the information given their ending cash balance is $12,000.

Ending cash balance

Using this formula

Ending cash balance=Beginning Cash Balance- Cash Payments+ Loan balance-Minimum cash balance

Let plug in the formula

Ending cash balance=+$50,000-$15,000+$7,000-$30,000

Ending cash balance=$12,000

Inconclusion their ending cash balance is $12,000.

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