Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $31,500; net cash used in investing activities was $11,400 and net cash used in financing activities was $14,100. If the beginning cash balance is $5,700, what is the ending cash balance?

The ending cash balance is $ 11,700.

Explanation:

Calculating the ending cash balance :

Ending cash balance = Net cash provided by operating activities - Net cash used in investing activities - Net cash used in financing activities + beginning cash balance  

Ending cash balance = 31,500 - 11,400 - 14,100 + 5,700  

Ending cash balance = $11,700

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o