The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the following: If sales for the current year were $753,500 and accounts receivable decreased by $48,400 during the year, what was the amount of cash received from customers
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the following: If ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
1. If some industries exhibit internal economies of scale, we should not expect to see (a) monopolistic competition in these industries (b) perfect competition in these industries (c) inter-industry trade between countries.
Answers (1)
The primary economic function of the financial system is to select one: a. Keep interest rates low. b. Provide expert advice to savers and investors. c. Match one person's consumption expenditures with another person's capital expenditures. d.
Answers (1)
Free enterprise and laissez-faire economies gave the most benefits to a. workers. c. governments. b. employers. d. foreign markets
Answers (1)
OMS Manufacturing expects to produce and sell 12000 units of Big, its only product, for $20 each. Direct material cost is $3 per unit, direct labor cost is $10 per unit, and variable manufacturing overhead is $6 per unit.
Answers (1)
A company has the following information: Net credit sales = $400,000 Net income = $100,000 Average total assets = $80,000 Average accounts receivable = $20,000 What is the company's average collection period (rounded to the nearest whole day) ?
Answers (1)
New Questions in Business
If Gerry makes a deposit of $1,500 at the end of each quarter for five years, how much will he have at the end of the five years assuming a 12% annual return and quarterly compounding?
Answers (1)
Explain how globalization influence management
Answers (1)
The following information relating to a company's overhead costs is available. Col1 = Actual total variable overhead, Actual total fixed overhead, Budgeted variable overhead rate per machine hour, Budgeted total fixed overhead, Budgeted machine
Answers (1)
A homemaker enters the work force, taking a job that will pay $40,000 over the year. the homemaker must pay $16,000 over the year for professional child care services. how much does gdp change?
Answers (1)
The law of supply states that as the price of a good rises, the quantity supplied of that good disappears. decreases. remains the same. increases.
Answers (1)