SWFT Corp Partner Estates Trusts
42nd Edition
ISBN: 9780357161548
Author: Raabe
Publisher: Cengage
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A company had total sales revenue of $1,100,000. The beginning accounts receivable
balance was $80,000, and the ending accounts receivable balance was $250,000.
How much cash was collected from customers during this reporting period?
A. $1,250,000
B. $1,030,000
C. $930,000
D. $870,000
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- What is the correct amount for purchase ?arrow_forwardBennett Corporation manufactures a single product. The company has the following cost. structure: Variable costs per unit: • Production: $5 Fixed costs in total: • Production: $15,000 Last year, 5,000 units were produced and 4,200 units were sold. There were no beginning inventories. Under absorption costing, what is the cost of goods sold (COGS) for the year? A. $21,000 B. $33,600 C. $26,500 D. $28,000arrow_forwardFinancial Accountingarrow_forward
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