Answer:
The net Cash collections from customers were $85683.
Explanation:
The direct method for calculating net cash flow involves deducting from cash sales only operating expenses that needed cash.
Cash collections from customers by Washington company are:
Accounts Receivable, January 1 + Sales - Accounts Receivable, December 31
=$16,099 + $76,821 - $7,237
=$92,920-$7,237
=$85683
The net Cash collections from customers were $85683.
B. Decreases
if demand goes down, nobody is buying anything, so the need to produce/manufacture is down
It doesn't require any skills or special talent to flip burgers.
Hope this helps! :-)
Answer:
True .....this is because the entrepreneur is the risk bearer of the business...he is liable for any profit/loss.
