During 2024, ABC Manufacturing reported sales revenue of $175,430 on its income statement. The company's accounts receivable balance decreased from $45,200 at the beginning of the year to $32,750 at the end of the year. Calculate the total cash received from customers during 2024.

During 2024, ABC Manufacturing reported sales revenue of $175,430 on its income statement. The company's accounts receivable balance decreased from $45,200 at the beginning of the year to $32,750 at the end of the year. Calculate the total cash received from customers during 2024.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

I want to this question answer general Accounting

During 2024, ABC Manufacturing reported sales revenue of
$175,430 on its income statement. The company's accounts
receivable balance decreased from $45,200 at the beginning of
the year to $32,750 at the end of the year. Calculate the total
cash received from customers during 2024.

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