Answer:
iRobot
The amount of cash collected from customers during fiscal 2015 = $583,155.
Explanation:
a) Data and Calculations:
Allowance at January 2, 2016 = $33
Allowance at December 27, 2014 = $67
Accounts Receivable at January 2, 2016 = $104,679
Accounts Receivable at December 27, 2014 = $71,056
Revenue for 2015, year ended Jan 2, 2016 = $616,778
Bad debt expense for 2015 = $0
Computation of the Cash collected from customers during fiscal 2015:
Accounts Receivable
Dec. 27, 2014 Balance $71,056
2015 Revenue 616,778
Jan. 2, 2016 Balance (104,679)
2015 Cash $583,155