The Valorix Corporation had $720,000 in sales revenue. During the same period, the beginning accounts receivable was $32,000 and the ending accounts receivable was $38,000. How much cash was collected from customers? A) $726,000 B) $720,000 C) $714,000 D) $6,000

The Valorix Corporation had $720,000 in sales revenue. During the same period, the beginning accounts receivable was $32,000 and the ending accounts receivable was $38,000. How much cash was collected from customers? A) $726,000 B) $720,000 C) $714,000 D) $6,000

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 43E: Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required:...

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Need help with this general accounting question

The Valorix Corporation had $720,000 in sales revenue. During the same
period, the beginning accounts receivable was $32,000 and the ending
accounts receivable was $38,000. How much cash was collected from
customers?
A) $726,000
B) $720,000
C) $714,000
D) $6,000

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