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BrewMaster Coffee, a large organic coffee company, reported a balance of $1,800 million in Accounts Receivable at the beginning of 2023 and $1,650 million at the end of 2023. Its income statement reported total Sales Revenue of $14,500 million for 2023. Assuming that BrewMaster makes all sales on account, compute the amount of cash collected from customers during 2023. A. $16,300 million B. $14,350 million C. $14,650 million D. $13,850 million

BrewMaster Coffee, a large organic coffee company, reported a balance of $1,800 million in Accounts Receivable at the beginning of 2023 and $1,650 million at the end of 2023. Its income statement reported total Sales Revenue of $14,500 million for 2023. Assuming that BrewMaster makes all sales on account, compute the amount of cash collected from customers during 2023. A. $16,300 million B. $14,350 million C. $14,650 million D. $13,850 million

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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BrewMaster Coffee, a large organic coffee company, reported a balance of $1,800 million in Accounts Receivable at the beginning of 2023 and $1,650 million at the end of 2023. Its income statement reported total Sales Revenue of $14,500 million for 2023. Assuming that BrewMaster makes all sales on account, compute the amount of cash collected from customers during 2023. A. $16,300 million B. $14,350 million C. $14,650 million D. $13,850 million
Transcribed Image Text:BrewMaster Coffee, a large organic coffee company, reported a balance of $1,800 million in Accounts Receivable at the beginning of 2023 and $1,650 million at the end of 2023. Its income statement reported total Sales Revenue of $14,500 million for 2023. Assuming that BrewMaster makes all sales on account, compute the amount of cash collected from customers during 2023. A. $16,300 million B. $14,350 million C. $14,650 million D. $13,850 million
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