During 2017, Vaughn Manufacturing had sales on account of $828,000, cash sales of $465,000, and collections on account of $651,000. As a result of these transactions, the change in the accounts receivable indicates an increase of how much?
During 2017, Vaughn Manufacturing had sales on account of $828,000, cash sales of $465,000, and collections on account of $651,000. As a result of these transactions, the change in the accounts receivable indicates an increase of how much?
Chapter5: Evaluating Operating And Financial Performance
Section: Chapter Questions
Problem 1aM
Question
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sales on account of $828,000, cash sales of
$465,000, and collections on account of
$651,000. As a result of these transactions,
the change in the accounts receivable
indicates an increase of how much?"
Transcribed Image Text:During 2017, Vaughn Manufacturing had
sales on account of $828,000, cash sales of
$465,000, and collections on account of
$651,000. As a result of these transactions,
the change in the accounts receivable
indicates an increase of how much?
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