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
goldenfox [79]
3 years ago
14

Sheffield Corp. had credit sales of $1696000. The beginning accounts receivable balance was $175000 and the ending accounts rece

ivable balance was $297000. Using the direct method of reporting cash flows from operating activities, what were the cash collections from customers during the period
Business
1 answer:
Aleks04 [339]3 years ago
7 0

Answer:

$1,574,000

Explanation:

Cash collections from customers during the period using direct method is computed as;

= Credit sales + Beginning accounts receivables - Ending accounts receivables

= $1,696,000 + ($175,000 - $297,000)

= $1,692,000 - $122,000

= $1,574,000

You might be interested in
What is the information that helps managers determine how to do better than others?
PolarNik [594]
Well managers learn more efficient ways than most others which helps them alot such as having people on task, making sure no one is lacking on working times or any thing is messed up. managers are the ones who keep tracks on tasks that not alot of others can.

4 0
3 years ago
Under which circumstance might you receive a tax refund from the IRS?
Maru [420]
If you over pay or if you happen to do something and the IRS give you something but it is not normal for the IRS to give
 you money
5 0
3 years ago
With milk sales sagging of late, The Milk Processor Education Program (MPEP) decided to move on from the famous "Got Milk" ad sl
aniked [119]

Answer:

bggggggggggdgfdfgfghghkj

Explanation:

5 0
3 years ago
The following information was collected on work Center 40: 400 hours scheduled; 30 hours lost due to absenteeism; 20 hours lost
devlian [24]

Answer:

75% is the work center utilization

Explanation:

Mathematically;

Utilization = (Actual Output/Design capacity)*100

From the question;

Actual output = 300

Design capacity = 400

Substituting these values in the equation, we have:

= (300/400)*100

= 0.75*100

= 75%

5 0
3 years ago
You’ve just read the article about Macy’s and Nordstrom’s. Why do you think companies like Macy's have to move to an Omnichannel
uranmaximum [27]

The companies like Macy have to move to an Omnichannel strategy for selling their products because in Omnichannel strategy, products are sold through several distribution channels.

<h3>What is a distribution channels?</h3>

Distribution channel serves as the means by which companies make their products to be available to final consumer.

This channels encompass retailers as well as wholesaler, and in In omni channel, all the distribution channels are linked to each other.

Learn more about distribution channel at;

brainly.com/question/25630633

4 0
2 years ago
Other questions:
  • Because of the significant snow fall in the plains this year, the supply of fertilizer to Washington State's apple farmers subst
    8·1 answer
  • David knows that the beta of his portfolio is equal to 1, but he does not know the risk-free rate of return or the market risk p
    15·1 answer
  • Compare and contrast a mentor and role model.
    12·1 answer
  • Emily wants to open a chain of hair styling salons and hopes to attract investors to help finance growth. She considered forming
    12·1 answer
  • Jameson Corporation was organized on May 1. The following events occurred during the first month.
    7·1 answer
  • What are the 4 P’s in marketing?
    8·2 answers
  • Sharon would make an adjustment entry to __________ to record the $500 her company received from a customer to perform future se
    10·1 answer
  • Dakota Company experienced the following events during Year 2. Acquired $20,000 cash from the issue of common stock. Paid $15,00
    15·1 answer
  • According to the text, reducing many of the tariffs that are still in existence will lead to Blank______.
    12·1 answer
  • On January 1 of this year, Trucks R Us Corporation issued bonds with a face value of $ 2,000,000 and a coupon rate of 10 percent
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!