Sales revenue on the books was $175000. Unearned revenue at the end of the year was $12000 and unearned revenue at the beginning of the year was $4500. How much cash was received from revenue?
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- Sales reported on the income statement were $690,000. The accounts receivable balance declined $39,000 over the year. Determine the amount of cash received from customers.KRJ Corporation reported annual sales revenue of $7,902 million. Accounts receivable at the beginning of the year was $644 million and at the end of the year it was $524 million. How much cash (in $ millions) was received from customers during the year?Sales reported on the income statement were $112,000. The accounts receivable balance decreased $10,500 over the year. Determine the amount of cash received from customers.
- Shelby Company reported sales of $180,000 for the current year. If accounts receivable increased $24,000 during the year and unearned revenue decreased $4,000 during the year, cash collected from sales was closest to: Group of answer choices $180,000. $152, 000. $156,000.Please solve this question general accountingA company reports the following amounts at the end of the year. Total sales revenue = $410,000; cash = $38,000; sales discounts=$15,000; accounts receivable = $20,000; sales returns = $25,000; operating expenses = $72,000; sales allowances = $25,000. Compute net revenues. net revenue=.
- I want to this question answer general AccountingFor the past year, Kayla, Incorporated, has sales of $46,967, interest expense of $4,088, cost of goods sold of $17,184, selling and administrative expense of $12,051, and depreciation of $6,850. If the tax rate is 21 percent, what is the operating cash flow?Your Company earned $520,000 of revenue on account and $100,000 of cash sales during the year. It collected $425,000 of its receivables during the year. The beginning balance in the accounts receivable was $45,000 and allowance accounts beginning balance was $1,200. The company estimated that it will be unable to collect $18,200 of its current year's sales on account. What is the net realizable value of the receivables at year end? $120,600 mesoon $140,000 $220,600 GA $220,600 $159,400 $121,800
- For the past year, Kayla, Inc., has sales of $46,382, interest expense of $3,854, cost of goods sold of $16,659, selling and administrative expense of $11,766, and depreciation of $6,415 . If the tax rate is 35 percent, what is the operating cash flow?If the days inventory is 50, days receivable is 17 and days payable is 25 and assuming 365 days in a year, then the cash conversion cycle is equal to: a. 92 Days b. 58 Days c. 42 Days d. 67 Days e. 75 DaysA firm has sales of $1.6 million, and 25 percent of the sales are for cash. The year-end accounts receivable balance is $175,000.What is the average collection period?