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3 years ago

Cash Received from Customers—Direct Method

1 answer:

7 0

Based on the sales figure and the change in the accounts receivable balance, the amount of cash received from customers wa<u>s $14,300.</u>

<h3>What was the amount of cash received?</h3>

The accounts receivable balance refers to the amount that customers owe to the company.

This means that if the accounts receivable balance decreases by the certain amount, it would be because that amount was paid by the customers who owe the business.

The cash paid is therefore the amount of $14,300 which the balance reduced by.

Find out more on accounts receivables at brainly.com/question/24848903.

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Answer:

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3 years ago

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3 years ago

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$50,000

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Preferred dividends for Year 1 = 1,000 shares × $200 × 10% = $20,000

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However, in the next year (Year 2), the company will pay $5,000 + $20,000 = $25,000 to preferences shareholders.

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Year 2 common stockholders dividends = $75,000 - $25,000 = $50,000.

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3 years ago

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Answer:

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3 years ago

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It’s b 1.55
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3 years ago

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