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3 years ago

If sales revenue is $80 million and accounts receivable increased by $12 million, the amount of cash received from customers:

1 answer:

4 0

If sales revenue is $80 million and accounts receivable increased by $12 million, the amount of cash received from customers is $68 million.

Sales revenue = $80 million
Accounts receivable increased by $12 million - accounts receivable is money that is owned to a business in a form of debt.
Take the sales revenue and subtract the accounts receivable from it, so the amount that was paid to the company by the customers is $68 million.

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Answer:

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3 years ago

The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing:

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Answer:

20Y3

Nov. 21 :

Debit Notes receivable $66,000

Credit Accounts receivable $66,000

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Credit Interest receivable $161.33

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3 years ago

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