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Maurinko [17]
3 years ago
13

For each of the following items, calculate the cash sources or cash uses that should be recognized on the statement of cash flow

s for Baldin Co. for the year ended December 31, 2019: Required: a. Sales on account (all are collectible) amounted to $762,000, and accounts receivable decreased by $22,700. How much cash was collected from customers
Business
1 answer:
Serhud [2]3 years ago
5 0

Answer:

$784,700

Explanation:

Data provided

Revenue from sales = $762,000

Decrease in accounts receivables = $22,700

The computation of cash received from customers is shown below:-

Cash receipts from customers = Revenue from sales + Decrease in accounts receivables

= $762,000 + $22,700

= $784,700

Therefore for computing the cash received from customers we simply applied the above formula.

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Present value can be found using a financial calculator

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To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

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In attachment.

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In attachment.

Download docx
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