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Brut [27]
2 years ago
6

Brief Exercise 11-16 Determine cash received from customers (LO11-7) Video Shack's accounts receivable decreases during the year

by $9 million. What is the amount of cash received from customers during the reporting period if its net sales are $73 million
Business
1 answer:
Alex73 [517]2 years ago
8 0

The amount of cash received from customers during the reporting period if its net sales are $73 million is $82 million.

Using this formula

Cash Received from Customers = Net Sales + Decrease in Accounts Receivable

Where:

Net sales=$73 million

Decrease in Accounts Receivable=$9 million

Let plug in the formula

Cash Received from Customers=$73 million+$9 million

Cash Received from Customers =$82 million

Inconclusion the amount of cash received from customers during the reporting period if its net sales are $73 million is $82 million.

Learn more about cash received from customers here:brainly.com/question/5019692

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Answer:

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Umnica [9.8K]

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Explanation:

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= 18% × 57%

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We are also told that Laurelhurst News has an expected return of 21% and that 43% of the portfolio is put in​ Laurelhurst News. The portfolio return here will be the expected return multiplied by the weight. This will be:

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