The current period statement of cash flows includes the following: Cash balance at the beginning of the period $310,000 Net cash flow from operating activities 185,000 Net cash flow used for investing activities 43,000 Net cash flow used for financing activities 97,000The cash balance at the end of period is:A. $45,000 B. $635,000 C. $355,000 D. $125,000

C. $355,000

Explanation:

Cash balance at the end of the year is the total of opening cash and net cash inflow or outflow for the year. Net cash inflow or outflow is the total sum of cash provided or used by operating, investing and financing activities.

Cash balance at the end of the year = Beginning cash balance + Net cash flow for the year

Cash balance at the end of the year = Beginning cash balance + ( Cash flows from operating activities + Cash flows from investing activities + Cash flows from financing activities )

Cash balance at the end of the year = $310,000 + ( $185,000 + (43,000) + (97,000) )

Cash balance at the end of the year = $310,000 + $45,000

Cash balance at the end of the year = $355,000

answer///supply is elastic, and demand is inelastic;

answer///supply is elastic, and demand is inelastic;