Sarah's Salon has a beginning of the month cash balance of $50,000. She expects to do $20,000 in haircuts and perms which she expects will be paid 75% in cash. She pays each of her three stylists $160 per day in wages for a 20 workday month. She pays $3,000 in rent and $500 for supplies. What is her expected cash balance at the end of the month?

Answer rating: 100% (QA)

To calculate Sarahs expected cash balance at the end of the month we n... View the full answer