Do fast answer of this accounting questions The following data for Orion Corporation is provided: Net Sales$78,000 Ending Net Receivables $12,500 Beginning NetReceivables $9,000How much cash was received from customers during the yearbased on the given information?

Step 1: Definition of Cash Received from CustomersCash received from customers refers to the actual…

Answered: The following data for Orion…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter6: Statement Of Cash Flows

Section: Chapter Questions

Problem 14E

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Smoltz Company reported the following information for the current year: cost of goods sold, $252,500; increase in inventory, $21,700; and increase in accounts payable, $12,200. What is the amount of cash paid to suppliers that Smoltz would report on its statement of cash flows under the direct method? a. $218,600 c. $262,000 b. $243,000 d. $286,400
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Considering the financial statement information below for the The C’mon Cam! Co., how long is the cash cycle? Item Beginning EndingInventory $9,338 $11,550Accounts Receivable 5,670 6,947Accounts Payable 7,689 9,625 Net Sales $82,544Cost of Goods Sold $58,638 a. 28 daysb. 39 daysc. 65 daysd. 93 days
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How much cash was received from customer during the year based on the given information??

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The following data for Orion Corporation is provided: Net Sales $78,000 Ending Net Receivables $12,500 Beginning Net Receivables $9,000 How much cash was received from customers during the year based on the given information?