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RSB [31]
2 years ago
14

Altoon Manufacturing's records were partially destroyed in a flood. The company does not know what sales have been for the year,

but it does know all sales were on account. Also, the beginning accounts receivable balance was $19,000, and its accounts receivable balance at the time of the flood was $25,000. From the beginning of the year until the flood, cash collections from credit customers were $158,000. Given this information, what are Altoon Manufacturing's sales for the year until the flood?
a. $164,000
b. $114,000
c. $202,000
d. $209,000
e. $189,000
Business
1 answer:
Masteriza [31]2 years ago
7 0

Answer:

a. $164,000

Explanation:

The computation of the Altoon Manufacturing's sales for the year until the flood is given below:

= Cash collections + ending receivables - opening receivables

= $158,000 + $25,000 - $19,000

= $164,000

hence, the Altoon Manufacturing's sales for the year until the flood is $164,000

Therefore the first option is correct

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Divide above equation by (1+i)^{-1}

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2 years ago
Auagaa474 Corporation had sales of $491,300 and average operating assets of $289,000 for the past period. What is the margin tha
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Answer:

16%

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