Answer:
$1,255,000
Explanation:
The increase in accounts receivable is the portion of the current year sales revenue that has not been received in cash, hence, the cash collected from customers in the year 2010 is simply the sales adjusted for the impact of accounts receivable as shown below:
cash collection=sales revenue+beginning accounts receivable-ending accounts receivable
sales revenue=$1,300,000
beginning accounts receivable=$120,000
closing accounts receivable=$165,000
cash collection=$1,300,000+$120,000-$165,000
cash collection=$1,255,000
The most efficient and effective in managing its inventory is Company B.
<h3>Who is the most efficient?</h3>
The days' sales in inventory is a financial ratio that measures the rate at which a firm is able to sell its inventory in a given year. The lower the ratio, the more efficient a firm is in selling its inventory.
Days' sales in inventory = number of days in a period / inventory turnover
Inventory turnover = cost of goods sold / average inventory
To learn more about financial ratios, please check: brainly.com/question/26092288
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D) Haven't been presented to the bank for payment but have been subtracted in the checkbook
Answer:
The correct asnwer is $-214 billion.
Explanation:
A surplus occurs when an account exceeds the credit after having paid all its debts and obligations.
As the example says, assuming that China’s net debt forgiveness was zero in 2012, then the net balance of China's financial account balance would be -214 billion.
This means that China would be facing a deficit.
A defit means that more money comes out of our company's account than it enters.
Which causes China to have a<u> negative balance account.</u>
