If 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.
Q: Don't use ai given answer accounting questions
A: Step 1:Step 2: Step 3: Step 4:
Q: What should SA's dividend payout ratio be this year on these financial accounting question?
A: Step 1: Define Dividend Payout Ratio:The Dividend Payout Ratio is a financial metric that measures…
Q: What was its total assets turnover ratio?
A: Step 1: Define Total Assets Turnover RatioThe total assets turnover ratio is a ratio in finance and…
Q: Total Product Costs $_____
A: To calculate the total product costs for Montana Company under variable costing, it is important to…
Q: I don't need ai answer accounting questions
A: Step 1: Definition of Cash Return on AssetsCash Return on Assets measures the percentage of cash…
Q: None
A: Step 1: Define Owner's EquityThe owner's equity shows the amount invested by the owner in the…
Q: Question: A companys total liabilities are $247,000, and its equity is $987,000. What are the total…
A: Explanation: In the given case, we are provided with the amount of total liabilities and equity. We…
Q: what amount and direction during that same period?
A: we know that Total assets = stock holders Equity+ total liabilities Given that total liabilities…
Q: If a company has current assets of $572,000 and current liabilities of $246,000, what is its working…
A: Explanation of Working Capital:Working capital represents the difference between a company's current…
Q: Provide correct answer general Accounting
A: Step 1: Define Rate of Return The Rate of Return is a financial metric used to measure the…
Q: A withdrawal of cash by the owner may be considered. sub is account.
A: What Happens During a Withdrawal of Cash by the Owner?Definition of Owner's Withdrawal (Drawing):A…
Q: Subject: Financial Accounting A company has the following information: 1) Net sales: $2,54,000 2)…
A: Step 1: Formula Earnings per share = Net income/Outstanding shares Step 2: Net income Net income =…
Q: Compute the number of units sold in 2016?? General accounting
A: Step 1:First, calculate the contribution margin per unit: Contribution margin per unit = Selling…
Q: Financial accounting
A: Step 1: Define Net IncomeNet income is the income that is left after accounting for all operating as…
Q: What is the amount of current liabilities on these general accounting question?
A: Step 1: Define Current LiabilitiesCurrent liabilities are obligations a company expects to settle…
Q: What is the economic order quantity of this accounting question?
A: The EOQ is a very important concept in the management of inventory. It refers to the optimum number…
Q: Financial Account: A company has a net income of $790,000 and 55,300 outstanding shares. What is the…
A: Explanation of Earnings Per Share (EPS): Earnings Per Share is a fundamental financial metric that…
Q: Need help
A: Step 1: Define Accounts Receivable TurnoverThe Accounts Receivable Turnover ratio is a financial…
Q: Problem 3.4.2: A classified income statement showed net sales of $755,000, cost of goods sold of…
A: Concept of Net SalesNet sales represent the total revenue a company earns from selling goods or…
Q: Step by step answer
A: Concept of Receivables TurnoverReceivables turnover measures how efficiently a company collects…
Q: What will be the firm's cash cycle?? General accounting
A: Step 1: Define Cash cycleCash cycle is given as the inventory conversion period plus the average…
Q: Solve this question financial accounting
A: Step 1: Define Capital Gains YieldCapital gains yield measures the percentage change in the price of…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Cost of Goods Manufactured (COGM)Cost of Goods Manufactured (COGM) is the…
Q: A company has a net income of $790,000 and 55,300 outstanding shares. What is the earnings per…
A: Concept of Net IncomeNet income is the profit a company earns after deducting all its expenses,…
Q: I need this question answer general Accounting question
A: Step 1: Formula Cash received from customers = Sales - Increase in accounts receivable Step 2:…
Q: Financial Accounting
A: Step 1: Define WACCA company's weighted average cost of capital (WACC) is its overall financing cost…
Q: Do fast answer of this general accounting question
A: Step 1: Accounting equation Assets = Liabilities + EquityEquity = Assets - LiabilitiesLiabilities =…
Q: Financial Accounting
A: Step 1: Define Return on Invested Capital (ROIC) Return on Invested Capital (ROIC) is a measure of…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Cost of Goods Sold (COGS)COGS represents the cost of merchandise sold during a…
Q: The total job cost for job p951 ???
A: Step 1: Define Total Job CostThe total job cost in job-order costing refers to the sum of the direct…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Total Manufacturing CostsTotal Manufacturing Costs are the sum of direct…
Q: In May, one of the processing departments at Stitzel Corporation had beginning work in process…
A: Explanation of Work in Process (WIP) Inventory: Work in Process Inventory represents the partially…
Q: Subject:- General Account
A: To compute the manufacturing margin under variable costing, we focus on sales revenue minus the…
Q: provide asnwer. general account.
A: 1. Introduction to Economies of ScaleEconomies of scale refer to the cost advantages that firms…
Q: The company's total assets turnover is equal???
A: Step 1: Define Asset Turnover RatioThe asset turnover ratio illustrates how many times a company was…
Q: what is the contribution margin ratio? accounting.
A: To calculate the contribution margin ratio, we use the formula: Contribution Margin…
Q: Please provide correct answer general Accounting
A: Step 1: Define Cash Flow StatementThe cash flow statement is drafted to analyze the inflows and…
Q: What are the equipment unit for conversion cost
A: Step 1: Definition of Equivalent UnitsEquivalent units are the number of units that could have been…
Q: Do fast answer of this general accounting question
A: To calculate the dividend yield and capital gains yield, we use the following formulas:Dividend…
Q: Question: A companys total liabilities are $247,000, and its equity is $987,000. What are the total…
A: Step 1: The accounting formula is Assets - Liabilities = Owner's equity. To determine the total…
Q: General accounting question
A: Step 1:The gross return is calculated as follows: Gross return = Dividend income + Capital gain on…
Q: For this general account subject questions no ai please
A: Inventory Accounting EquationThe fundamental equation for inventory management is:…
Q: Financial Accounting
A: Step 1: Define Asset Turnover RatioThe asset turnover ratio calculates the total amount of sales…
Q: General accounting
A: Calculation for the holding gain after taxes that is classified in Other Comprehensive Income…
Q: Financial Accounting Question solution provide please
A: Step 1: Definition of Calculate Gain:Calculating gain refers to determining the difference between…
Q: General Accounting question
A: Step 1: Define Net IncomeEvery business organization wishes to know the profit or loss made by the…
Q: What is the total stockholder's equity for this general accounting question?
A: Step 1: Calculate Total Assets Step 2: Calculate Total Liabilities Step 3: Calculate Stockholders'…
Q: Don't use Ai to answer this problem
A: Explanation of Weighted-Average Method:The weighted-average method is a process costing technique…
Q: What is the amount of cash collected from customers on these general accounting question?
A: Step 1: Definition of Cash Collected from CustomersCash collected from customers represents the…
Q: General accounting
A: To calculate the maturity value of the note, we use the formula:Maturity Value = Principal +…
Hi teacher please help me this question general accounting
Step by step
Solved in 2 steps
- Company Abel has total sales of $375,000, of which, $125,000 represents cash sales. Its annual average accounts receivable balance is $42,000. What is its accounts receivable turnover in terms of the number of turns? a. 5.95 turns b. 2.97 turns c. 8.92 turns d. 3.0 turnsSuppose Columbia Sportswear Company had accounts receivable of $206,024,000 at the beginning of a recent year, and $267,653,000 at year-end. Sales revenue was $1,095,307,000 for the year.What is the amount of cash receipts from customers? what are the cash receipts from customers?D Company had cash sales of $89,275, credit sales of $93,450, sales returns and allowances of $2,750, and sales discounts of $4,205. Calculate D's net sales for this period.
- HansabenA company had a beginning balance in accounts receivable of 15,000 USD. At the end of the period, this balance had increased to 34,000 USD. Sales on account during the period were 446,000 USD and sales discounts were 8,900USD. What was the amount of cash collected from customers during the period?Sales reported on the income statement were $480,000. The accounts receivable balance increased $54,000 over the year. Determine the amount of cash received from customers.
- Concord Corporation had the following transactions that took place during the year: I. Recorded credit sales of $3050 I. Collected $1830 from customers III. Recorded sales returns of $610 and credited the customer's account. What is the total effect of these transactions on free cash flow? Cannot be determined O Increase Decrease O No EffectA company had the following sales transactions: 1. Total debit card sales = $230,000. 2. Total credit card sales = $440,000. 3. Total cash sales = $840,000. 4. Total check sales = $140,000. There is a charge of 5% on all credit card transactions. Calculate total sales revenue recorded for the year. Sales revenueWhat is the dollar amount of net sales? for this accounting question