Phoenix Corp's credit sales are $400,000, with returns $20,000 and cash collections $350,000. Their beginning accounts receivable was $80,000. ending accounts at December 31, Calculate receivable 2015. the balance

Phoenix Corp's credit sales are $400,000, with returns $20,000 and cash collections $350,000. Their beginning accounts receivable was $80,000. ending accounts at December 31, Calculate receivable 2015. the balance

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 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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Phoenix Corp's credit sales are
$400,000, with returns $20,000 and cash
collections $350,000. Their beginning
accounts receivable was $80,000.
ending accounts
at December 31,
Calculate
receivable
2015.
the
balance

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