Cash receipts from customers = 77,000 + 386,000 - 53,000 = 410,000 Comment if you face any issues |
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At January 1, 2020, Whispering Inc. had accounts receivable of $77,000. At December 31, 2020, accounts...
At January 1, 2020, Apex Inc., a private company following ASPE, had accounts receivable of $72,000. At December 31, 2020, the accounts receivable balance was $59,000. Sales revenue for 2020 was $420,000. Sales returns and allowances for the year were $10,000. Purchase discounts were in the amount of $4,200 and sales discounts were $1,000. Calculate Apex's 2020 cash receipts from customers.
Suppose Columbia Sportswear Company had accounts receivable of $329,543,500 at January 1, 2022, and $249,202,800 at December 31, 2022. Assume sales revenue was $1,368,425,300 for the year 2022. What is the amount of cash receipts from customers in 2022? The amount of cash receipts from customers in 2017=?
Suppose Columbia Sportswear Company had accounts receivable of $302,580,850 at January 1, 2022, and $228,813,480 at December 31, 2022. Assume sales revenue was $1,256,463,230 for the year 2022. What is the amount of cash receipts from customers in 2022? The amount of cash receipts from customers in 2017
Suppose Columbia Sportswear Company had accounts receivable of $314,564,250 at January 1, 2022, and $237,875,400 at December 31, 2022. Assume sales revenue was $1,306,224,150 for the year 2022. What is the amount of cash receipts from customers in 2022? The amount of cash receipts from customers in 2017 Click if you would like to Show Work for this question: Open Show Work
3. On January 1, 2017 Aqua Company had Accounts Receivable of $100,000 and on December 31, 2017 Accounts Receivable of $150,000. Aqua also reported Sales Revenue of $250,000 for the year. Sales Discounts of $10,000 and Sales Returns and allowances of $4,000. What is the accounts receivable turnover? a. 2.89 b. 2 c. 2.36 d. 1.57 4. On January 1, 2017 Aqua Company had Accounts Receivable of $100,000 and on December 31, 2017 Accounts Receivable of $150,000. Aqua also reported...
On January 1, 2016, Ivanhoe Industries’ Accounts Receivable balance was $13,700; on December 31, 2016, it was $17,300. Sales revenue for the year was $144,180. Calculate the cash received from customers in 2016. Cash received from customers
1.Genovia Corp. had the following on December 31, 2020: Cash on hand (physical bills in a safe): $9,000 Checking account balance: $4,500 One-year certificate of deposit (CD): $7,500 Checks received but not yet deposited: $2,500 Checks sent by customers that are still in the mail: $6,000 Stock investments: $4,000 How much cash will Genovia report on its December 31, 2020, balance sheet? (just enter the number, without any commas or a dollar sign)3.During 2020, Florin Corp. collected $5,000 from a customer who had purchased a product on...
Malice Inc. had an Accounts Receivable balance of $45,000 on January 31, 2020 and $55,000 on February 29, 2020. Cash collections during the month was $100,000. How much was sold on account during February? Group of answer choices a. 90,000 b. 10,000 c. 110,000 d. 5,000
Cullumber Corporation had January 1 and December 31 balances as follows. Inventory Accounts payable 1/1/20 12/31/20 $111,000 $128,000 70,000 77,000 For 2020, cost of goods sold was $468,000. Compute Cullumber's 2020 cash payments to suppliers. Cash payments to suppliers $ Swifty Corp. uses the direct method to prepare its statement of cash flows. Swifty trial balances at December 31, 2020 and 2019. are as follows. Debits Cash Accounts receivable Inventory Property.plant, & equipment Unamortized bond discount Cost of goods sold...
In 2020, Sheffield Corp. had cash receipts from customers of $152,000 and cash payments for operating expenses of $90,000. At January 1, 2020, accounts receivable were $11,000 and total prepaid expenses were $16,300. At December 31, 2020, accounts receivable were $16,700 and total prepaid expenses were $25,400. Calculate the following: (a) Total Service Revenue $enter a dollar amount (b) Total Operating Expenses $enter a dollar amount