If Nexus Corporation has sales revenue of $150 million and accounts receivable increased by $22 million, the amount of cash received from customers is:
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- The amount of cash received from customer is?Provide accurate answerIf sales revenue is $110 million and accounts receivable increased by $18 million, the amount of cash received from customers: a. was $110 million. b. was $73 million. c. depends on the mix of cash sales and credit sales. d. was $92 million.
- What will be the firm's cash cycle on this financial accounting question?Calculate it's opreting cash flow? General accountingFind out the company's cash ratio which has cash of P7500, cash equivalents of P26,250, accounts receivables of P4,300. Its total current liabilities are P45,000. What are cash equivalents? Exe2.1
- What will be the firm's cash cycle?? General accounting> ABC Inc. is preparing its cash flow statement under the direct method and has provided this information: Net credit sales $5,000,000 Accounts receivable, end of the year 1,500,000 Accounts receivable, beginning of the year 2,500,000 Purchases (on account) 4,000,000 Trade payable, end of the year 1,900,000 Trade payable, beginning of the year 2,000,000 Operating expenses 3,000,000 Accrued expenses, beginning of the year 500,000 Accrued expenses, end of the year 400,000 Depreciation on property, plant, and equipment 600,000 > Required: Prepare the operating activities section of cash flow statement under the direct method.Sergey Co. has net cash provided by operating activities of$1,200,000. Its average current liabilities for the period are$1,000,000, and its average total liabilities are $1,500,000.Comment on the company’s liquidity and financial flexibility,given this information.