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2 years ago

The following selected account balances appeared on the financial statements of Washington Company:

Business

1 answer:

torisob [31]2 years ago

5 0

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.

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3 years ago

if an average person earns $100.00, and has 25% taken out for taxes, how much will they pay in taxes?

NNADVOKAT [17]

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3 years ago

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3 years ago

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