The amount of cash received from customer is? If Nexus Corporation has sales revenue of $150million and accounts receivable increased by$22 million, the amount of cash received fromcustomers is:a) $150 millionb) $98 millionc) Depends on the mix of cash sales and creditsalesd) $128 million

To calculate the cash received from customers, we use the formula: Cash received from customers =…

Answered: If Nexus Corporation has sales revenue…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter6: Statement Of Cash Flows

Section: Chapter Questions

Problem 14E

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If Nexus Corporation has sales revenue of $150 million and accounts receivable increased by $22 million, the amount of cash received from customers is: a) $150 million b) $98 million c) Depends on the mix of cash sales and credit sales d) $128 million