1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erastova [34]
3 years ago
7

Sales for the year were $600,000. Accounts receivable were $100,000 and $80,000 at the beginning and end of the year, respective

ly. Cash received from customers to be reported on the statement of cash flows using the direct method is:_________.
a. $620,000
b. $600,000
c. $580,000
d. $700,000
Business
1 answer:
Anettt [7]3 years ago
4 0

Answer:

Option A is the correct answer

Explanation:

The cash received from customers can be computed using the formula as stated below:

Cash received=Sales+opening accounts receivable-closing accounts receivable

Cash received=$600000+$100000-$80000

Cash received=$620000

The above has been calculated on the premise that the customers are only owing $80000 as at the end of the year,which means $20000 has been paid from the $100000 owed at the beginning of the year.

Also,since the outstanding debt is only $80000, it means the sale amount of $600000 has also been settled in full,as a result $20000 plus $600000,gives $620000 total cash receipt

You might be interested in
Goods or services in standard-cycle markets reflect: a. numerous first-mover advantages. b. organizations that serve a mass mark
kogti [31]

Answer:

Option b.

Explanation:

In standard cycle, competitive actions are designed to serve large market shares, to gain customer loyalty and to control the firm's operations which in turn provide the same positive experience to customers.

Goods or services in standard-cycle markets reflect <u>organizations that serve a mass market.</u>

Standard-cycle markets refer to the markets where the firm's competitive advantages are shielded from imitation such that those advantages can be sustained longer but for a shorter period.

These advantages can be sustained for longer period in a slow-cycle market  than in fast-cycle markets.

Competitive advantages are sustainable in slow-cycle as these are shielded from imitation for longer periods of time such that imitation is costly.

Option b. is correct

5 0
3 years ago
What the difference between yelling and raising your voice?
Eva8 [605]

The Difference from Yelling and raising your voice is... Yelling your like using anger it don't always have to be using anger it can be raising your voice but when you go outside and feel so excited! You Say WHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO That's yelling and now here is an example of anger yelling Example: Go to your room! NO!! Even though you cannot hear but the Caps your using anger raising your voice is making it more clear. now it can be used as yelling aswell but not this time raising is let's say your shy your mother ask what do you want to eat you say Zaxbys she say's huh? Raise your voice i can hear you. Raise & Yell 2 Different things but can mean the same thing  Yell And Raise 2 Different Things But Can Mean The Same Thing! Yelling can be used as anger or loudness Raising can be used with anger aswell or raising your voice so people can hear you.

I really hope this helps you! :D

5 0
3 years ago
Read 2 more answers
Assume that you purchased a $1,000 convertible corporate bond. Also assume the bond can be converted to 30.303 shares of the fir
gayaneshka [121]

Answer:

The dollar value that the stock must reach before investors would consider converting to common stock is $33.

Explanation:

stock price for conversion = $1000/30.303

                                            = $33

Therefore, The dollar value that the stock must reach before investors would consider converting to common stock is $33.

4 0
4 years ago
The primary horizontal load-bearing component in a floor frame is the
ivann1987 [24]
The answer is the still plate, so C. 
7 0
3 years ago
_____ is a cost that relates to all errors not detected and not corrected before delivery to the customer.
enot [183]
External failure is a cost that relates to all errors not detected and therefore not corrected upon delivery to the customer.
4 0
4 years ago
Other questions:
  • Systematic risk is defined as: Select one: a. diversifiable risk. b. the total risk of an individual security. c. the risk uniqu
    5·1 answer
  • John sat down with the project sponsor to gather information needed before drawing up the project plan. He knew the budget, the
    14·2 answers
  • "If your manager assumed that you are motivated by money and offered incentive pay so that you would earn more money if you did
    5·1 answer
  • When deciding how to deal with negative feelings, why should you evaluate the causes of your issue??
    10·2 answers
  • A student is setting up an experiment. The student has twenty identical young plants and will try to answer this question: How d
    12·1 answer
  • In its income statement for the year ended June 30, 2009, The Clorox Company reported the following condensed data (dollars in m
    11·1 answer
  • 1. One advantage to mass production is?
    9·1 answer
  • In cities where people typically go to retire, there tends to be larger markets for Viagra. Nancy, a Viagra saleswoman, recently
    6·1 answer
  • In ________, the state has the broad powers to decide what goods and services are produced and in what quantities.
    15·1 answer
  • Does a competitive firm’s price equal its marginal cost in the short run, in the long run, or both? explain
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!