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otez555 [7]
3 years ago
12

Tanner Service Company reported an annual sales revenue of $560,000 in 2019. During the year, accounts receivable decreased from

a $22,500 beginning balance to an $18,800 ending balance. Accounts payable decreased from a $15,200 beginning balance to a $13,600 ending balance. Assume that all sales were made on account. How much is cash received from customers for the year
Business
1 answer:
otez555 [7]3 years ago
4 0

Answer:

$563,700

Explanation:

Calculation of cash is as seen below.

Sales revenue. $560,000

Add: Decrease in accounts receivable ($22,500 - $18,800) $3,700

Cash received from customers. $563,700.

Note: other information given in the question are not relevant for the computation of cash received from customers for the year.

Therefore, cash received from customers for the year is $563,700

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3 years ago
Mary's Cookies submitted an ad to the local newspaper with a coupon stating that a dozen cookies cost $2.99. The newspaper inste
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b. Noise

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It is most likely that when Mary was stating that a dozen cookies cost $2.99, the newspaper staff was affected by noise coming from people or the printing press machines and thought he had heard $29.90.

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3 years ago
The company produced 4,000 units of P59G. Direct materials cost $7.30 per unit and direct labor costs $5.45 per unit. How much o
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2 years ago
Bedrock Company reported a December 31 ending inventory balance of $414,500. The following additional information is also availa
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$389,100

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3 years ago
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Answer:

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3 years ago
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