The ending of cash balance that Stormer Company reported is $11,000.
Cash balance = beginning cash balance + cash inflows – cash outflows.
Cash balance = $5,000 + $28,000- $10,000 - $12,000
Cash balance = $11,000
A cash balance can be defined as the amount of money a company currently has available. In the cash balance, the money is kept on hand to offset any unplanned cash outflows and cash balance is typically used to pay off debt or is returned to investors as a dividend.
Net cash can be described as a figure that is reported on a company's financial statements and also calculated by subtracting a company's total liabilities from its total cash. The net cash is used to figure an evaluating of a company's cash flows.
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