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Margaret [11]
3 years ago
14

The balance in Accounts Receivable at the beginning of the year amounted to $2,720. During the year, $9,120 of credit sales were

made to customers. If the ending balance in Accounts Receivable amounted to $1,760, and uncollectible accounts expense amounted to $740, what is the amount of cash inflow from customers that would appear in the operating activities section of the cash flow statement
Business
1 answer:
Novosadov [1.4K]3 years ago
7 0

Answer:

$9340

Explanation:

The amount of cash received from customers to be shown under operating activities is computed using the below formula:

Cash from customers=credit sales+decrease in accounts receivable-uncollectible accounts expense

credit sales=$9,120

decrease in accounts receivable=$2,720-$1,760=$960

uncollectible accounts expense=$740

cash received from customers=$9,120+$960-$740

cash received from customers=$9340

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Answer:

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Explanation:

The formula for compound interest is

A = P(1 +I) ^n

From the question,

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Therefore,

45,000 = P(1 +0.036/12) ^1 *12

45,000 = P(1.003)^12

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A 10-year semi-annual coupon bond with an $1000 par value pays an annual coupon rate of 6% and the market requires 8% APR. What
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Answer:

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20 period for semi annual coupon payment.

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Explanation:

1.) Coupon rate * face value of bond = coupon

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2.) t= number of periods = years of maturity * coupon payment semi-annual

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