For the current year, davis corporation’s statement of cash flows reveals the following information: net cash flows from operating activities: $ 48,000 net cash flows from investing activities: $ 12,000 net cash flows from financing activities: $ 30,000 cash at the end of the year: $ 210,000 what was the company’s cash balance at the beginning of the year? multiple choice $90,000 $120,000 $210,000

What was the company’s cash balance at the beginning of the year?

$120,000

Explanation:

$ 48.000  - Net cash flows from operating activities

 $ 12.000  -  Net cash flows from investing activities:

$ 30.000  - Net cash flows from financing activities

$ 210.000  - Cash at the end of the year

The difference between the cash at the end of the year and the cash flow during the year due to activites, gives the balance at the beginning.

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation: