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
stealth61 [152]
4 years ago
10

Sales for the year were $500,000. 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 cash flow statement using the direct method is a.$520,000. b.$480,000. c.$500,000. d.$600,000.
Business
1 answer:
anygoal [31]4 years ago
4 0

Answer:

a.$520,000

Explanation:

                                                                                  Amount($)

Sales for the year                                                       500,000

Opening accounts receivable                                   100,000

Closing accounts receivable                                   <u>  (80,000)</u>

Cash received from customers                               <u>  520,000</u>

Cash received from customers to be reported on the cash flow statement using the direct method is $520,000.

Cash flow statements are usually stated using the direct method or indirect method.

You might be interested in
Why would a company have a physical headquarters in one state but file for incorporation in another state?.
Semmy [17]

Employees pay income taxes depending on the rates of the chartering state, therefore a firm may opt to charter in a state with lower income taxes if it has a physical headquarters in one state but files for incorporation in another.

<h3>What is tax?</h3>

A tax is a mandatory financial charge or other types of levy imposed by a governmental organization on a taxpayer (an individual or legal entity) in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers pay the correct amount of tax at the correct time and receive the correct tax allowances and tax reliefs. Most nations have a tax system in place to pay for public, shared social, or agreed-upon national necessities, as well as government services.

To learn more about tax, click

brainly.com/question/28330734

#SPJ1

5 0
1 year ago
In a furniture store, a window display shows how colorful lamps and pillows
Zanzabum

Answer:C

Explanation: Provide a link to show how brighten a room is

3 0
4 years ago
3+4 whlskfjsdalfkjdlfkasdjflskjfdslkfjflkajfa
slega [8]
8jsjsnabjaiaoapqkwnhfiteotslhvhoeoteyoojdotaotps
6 0
3 years ago
when a firm with market power produces less than the socially efficient level of output, there would be to society of producing
Hoochie [10]

A company with market power produces much less than the socially efficient level of output, there would be to society of producing one more unit: The boom or lower inside the total production cost if the output of one unit is extended is the marginal cost of manufacturing.

Market power refers to the capacity of a company (or organization of firms) to elevate and preserve a rate above the extent that would be triumphant under opposition and is referred to as market or monopoly energy. The workout of marketplace energy leads to reduced output and a lack of economic welfare.

In economics, market power refers to the potential of a firm to steer the rate at which it sells products or services by means of manipulating either the supply or demand of the services or products to grow monetary profit.

An instance of market power is Apple Inc. within the smartphone marketplace. although Apple cannot absolutely manage the market, its iPhone product has a big amount of market proportion and consumer loyalty, so it has the ability to have an effect on average pricing inside the smartphone marketplace.Monopoly/marketplace electricity. is wherein one vendor dominates the marketplace, can control fees & prevent new competition from entering the market? Externalities. correct or terrible aspect impact of manufacturing or intake which influences folks that aren't directly worried.

Learn more about market power here: brainly.com/question/16180053

#SPJ4

6 0
2 years ago
20
Elden [556K]

Answer:

Red X

Explanation:

...

3 0
3 years ago
Other questions:
  • On January 1, 2018, the stockholders’ equity section of Nance Corporation shows: Common stock ($2 par value) $1,200,000; paid-in
    5·1 answer
  • If I pick the wrong career, I'll be stuck forever. Myth or not?
    11·2 answers
  • Commanders at most operational-level headquarters have observed that ccirs are developed to support three major activities. one
    14·1 answer
  • 13. Crowd sourcing can take the place of market research.<br> True<br> O False
    11·1 answer
  • Martin purchased municipal bonds that yield 7% annually and certificates of deposit which yield 9% annually.
    14·1 answer
  • What does it mean when a skier holds out one hand, thumb up?'?
    14·1 answer
  • Imagine that both the skycar and jet powered wing become sold commercially. What hospitality and tourism businesses might develo
    10·1 answer
  • which is the value of the work actually performed up to a specific point in time, is calculated by multiplying the TBC by the pe
    15·1 answer
  • The Open Grill incurred the following costs in acquiring a new piece of land:
    6·1 answer
  • You are working alone and your shift is due to be over at 6 p.m. The individual who is scheduled to begin working at 6 p.m. does
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!