Suppose Columbia Sportswear Company had accounts receivable of $302,580,850 at January 1, 2018, and $228,813,480 at December 31, 2018. Assume sales revenue was $1,256,463,230 for the year 2018. What is the amount of cash receipts from customers in 2018?
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- Use the following excerpts from Huckleberry Companys financial statements to determine cash paid to suppliers for inventory in 2018.Use the following excerpts from Algona Companys financial statements to determine cash received from customers in 2018.Use the following excerpts from Brownstone Companys financial statements to determine cash received from customers in 2018.
- Amount?Suppose Columbia Sportswear Company had accounts receivable of $277,236,000 at January 1, 2022, and $237,235,000 at December 31, 2022. Assume sales revenue was $1,345,870,000 for the year 2022.What is the amount of cash receipts from customers in 2022?1. How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis . 2. What is the net increase or decrease in the Cash account for year 2021?
- Company A's net credit sales in 2020 and 2021 are 21115 and 35118 respectively. Cost of sales in 2020 is 15432, and in 2021 is 17088. Company A'a account receivable in 2020 and 2021 are 500 and 1000 respectively and its inventory in 2020 and 2021 are 2839 and 3489 respectively. Company A's cash collections from customers in 2021 are:kany company reported net income of $78,000 and sales of $219,000at December 31, 2020, Kathy also reported beginning and ending accounts receivable at $20,000 and $25,000, respectively. Kathy will report cash collected from customers in its 2020 statement of cash flows (direct method) in the amount of:. In its income statement for the year ended December 31, 2020, Angel Company reported revenue of P5,000,000. The accounts receivable at January 1 is P300,000; Uncollectible accounts written off is P20,000; and accounts receivable at December 31 is P200,000. How much revenue will be reported under the cash basis of accounting? *
- ABC Co. ‘s Income Statement for the year ended December 31, 2019 shows revenue of P3,500,000 and net income of P140,000. ABC Co.s Balance Sheet as of December 31, 2018 and 2019 shows Accounts receivable of P750,000 and P1,010,000 respectively.In its 2019 statement of cash flows (direct method), how much should ABC Co. report as cash collected from customers?Beyond Belief manufactures computer equipment and provides financing for purchases by its customers. Beyond Belief reported sales and interest revenues of $79,500 million for 2019. The balance sheet showed current and noncurrent receivables of $ 30,750 million at the beginning of 2019 and $ 26,900 million at the end of 2019. Compute the amount of cash collected from customers during 2019.Given the following data from company def, using the direct method of cash flows the company would have determined its cash inflow to be: $30,000.00 Accounts receivable, at 12/31/2018 $20,000.00 Accounts receivable, at 12/31/2019 $507,000.00 Sales for year 2019 $357,000.00 Gross Profit A) 497,000 B) 367,000 C) 347,000 D) 517,000