Compute the amount of cash received from customers

Assignment Help Financial Accounting
Reference no: EM132742943

Problem - Cash received from customers-direct method - Sales reported on the income statement were $225,000. The accounts receivable balance decreased $14,300 over the year. Compute the amount of cash received from customers.

Reference no: EM132742943

Questions Cloud

Compute sheridan should report royalty income at : Royalty income of $330000 was received on 3/31/21, and $291000 on 9/30/21. In its income statement for 2021, Sheridan should report royalty income at.
Valuation of firm financial assets : Valuation of a firm's financial assets is said to be based on what is expected in the future, in terms of the future performance of the firm, the industry,
Compute the amount of cash paid for merchandise : The cost of goods sold reported on the income statement was $185,000. Compute the amount of cash paid for merchandise
North dallas central health : You are the chief financial officer (CFO) at a community based hospital (North Dallas Central Health) .
Compute the amount of cash received from customers : The accounts receivable balance decreased $14,300 over the year. Compute the amount of cash received from customers
Determine the cost of work-in-process inventory : Cervantes Industrial adopted an incentive plan for workers, Determine the cost of work-in-process inventory. Calculate the gross salaries of the employees.
Described contribute to the leader effectiveness : Evaluate whether or not the power, influence, and qualities you described contribute to the leader's effectiveness.
What was the effect of the transaction on cash flows : Fully depreciated equipment costing $50,000 was discarded. What was the effect of the transaction on cash flows if $15,000 cash is received for the equipment
Find how much would the value of the company increase : Find how much would the value of the company increase if it accepted the better project (plane)? Do not round intermediate calculations.

Reviews

Write a Review

Financial Accounting Questions & Answers

  How cumulative preferred stock differs from noncumulative

How cumulative preferred stock differs from noncumulative preferred stock. How is a preferred stock dividend calculated? Explain in detail.

  Explain how examination of prospective financial statements

Explain how an examination of prospective financial statements differs from a compilation of prospective financial statements. Describe the activities involved

  Prepare the entry to record penas payment

Prepare the entry to record Penas payment of $8,000 in cash to the partnership and (2) the distribution of cash to the partners with credit balances.

  Compute the depreciation charges at year two

A depreciable asset costs $20,000 and has an estimated salvage value of $4,500 at the end of its 5-year depreciable life. Use DB depreciation with depreciation rate 1.5 to compute the depreciation charges at year 2.

  Compute the depreciation expenses

Compute the depreciation expenses. Modern MACRS, specified percentages method, year 2 and year 4 (2 numerical values). Sales tax of 4%

  Calculate amandas monthly car payment

How much did Amanda pay in total on the interest component during the 5-year period? Calculate Amanda's monthly car payment.

  Provide the property note to the financial statements

Provide the property, plant and equipment reconciliation note to the financial statements of Fly Namibia (Pty) Ltd for the reporting period ended 28 February

  What is the stock current price per share before change

After the change, your before-tax cost of debt will be 11% and the cost of equity will be 16.5%. What is the stock's current price per share before change?

  Find what are two components of the lease liability

What additional issues are addressed by leases? What are two components of the lease liability that are measured in terms of net present value?

  Determine the number of common shares outstanding

Determine the number of common shares outstanding and the par value after the split. (Round par value answer to 2 decimal places.)

  The annual depreciation deduction allowable by the irs

Joe is the sole owner of Triple J, LLC. He is scheduled to buy a F350 Pick-up truck on January 2, 2017. * Sales Price: $52,034. Estimated Salvage Value after 5 years of use: $12,034 Straight Line Depreciation selected by Joe. What will the annual dep..

  What is the value of stock if the required rate of return

Nu-Tech is expecting a period of intense growth and has decided. What is the value of this stock if the required rate of return is 13 percent?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd