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Alla [95]
3 years ago
13

Hunter, Inc.'s accounts receivable increased during the year by $407,000. Its bad debt expense was $235,000, and its allowance f

or uncollectible accounts increased by $170,000. What is the amount of cash Hunter, Inc. received from customers during the reporting period if its sales were $4,470,000?
Business
1 answer:
kupik [55]3 years ago
7 0

Answer:

What is the amount of cash Hunter, Inc. received from customers during the reporting period if its sales were $4,470,000?

Cash received_____________________4235000

Explanation:

Sales __________________________ 4470000

Account receivable increase________ 235000

 

Cash received_____________________4235000

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The rate of return is the net profit or loss of an investment over a period of time, expressed as a percentage of the original cost of the investment. 1 When calculating the rate of return, find the percentage change from the beginning of the period to the end of the period.

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