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
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

You might be interested in
You’re a career counselor for Tim, an air conditioner unit installer who is depressed because he sees his career as going nowher
jeka94
<span>The goal here is to give someone advice on their career options. You should find someone you are close to and think of them and then imagine how you would converse about this with them. In the conversation, fin out what Tim's goals are as well as what things he has tried in the past. Find out what he believes he is capable of doing and how he feels about going to school to learn a new trade.</span>
8 0
3 years ago
What types of businesses are likely to have an informal corporate culture?
Musya8 [376]
A computer worker i guess

hope that helps

plz choose me  as brainiest question of alll sorry words may be wrong texting on brand new iphone 6 broke iphone 5s
3 0
3 years ago
Read 2 more answers
How would a career plan help you at<br> this point in your life?
myrzilka [38]
If you are young and you have a career plan then it will help you in your future because you know what you want to be and you will have a career to chase and work for
4 0
1 year ago
Read 2 more answers
Which of the following actions would improve your credit score
s2008m [1.1K]
If this question has the same set of choices like the previous ones, the answer is:
<span>Paying off your credit card bill.
</span>A credit score is a numerical expression  of a person's credit files, to represent his creditworthiness <span>based on a level analysis. Paying off your credit card bill would improve your credit score. </span>
3 0
3 years ago
Career skills refer only to the simple tasks employees perform. True or False
Eva8 [605]
It would most likely it would be false
3 0
3 years ago
Read 2 more answers
Other questions:
  • A loan of $32,000 is to be repaid by the sinking fund method with annual payments. Interest on the loan is paid at a 6% annual e
    10·1 answer
  • Last year you paid $24 for a round of golf and $12 to rent a golf cart. this year it cost you $30 to golf and $15 to rent a cart
    6·1 answer
  • If yo have a steady job , why should yo care how the rest of the country is doing?
    15·1 answer
  • The following transactions occur for the Panther Detective Agency during the month of July:
    9·2 answers
  • (b) A company had an average inventory last year of $208,000 and its inventory turnover was 6. If sales volume and unit cost rem
    8·1 answer
  • The Summerlin Company reported pretax accounting income on its income statement as follows:
    5·1 answer
  • The following data are taken from the financial statements of Bar Harbor Company:
    5·1 answer
  • The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts ex
    12·1 answer
  • What is the present value of a series of payments received each year forever, starting with $1,000 paid one year from now and th
    11·1 answer
  • Ignoring income taxes, the annual net income amount used to calculate the accounting rate of return is:_____.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!