During 2013 uma company had 160000 in cash sales and

Assignment Help Accounting Basics
Reference no: EM13572812

During 2013, Uma Company had $160,000 in cash sales and $1,200,000 in credit sales. The accounts receivable balances were $180,000 and $212,000 at December 31, 2012 and 2013, respectively. Using the direct method of reporting cash flows from operating activities, what was the total cash collected from all customers during 2013?

Reference no: EM13572812

Questions Cloud

The company pays 400000 for real estate plus closing costs : the company pays 400000 for real estate plus closing costs of 10000. how do you prepare the journal entry to record the
A television set costs 500 in the united states the same : a television set costs 500 in the united states.the same set costs 725 euros. if purchasing power parity holds what is
Assuming that the investments are equally risky and that : the shrieves corporation has 10000 that it plans to invest in marketable securities. it is choosing between atampt
Harmony corporation manufactures and sells a single product : harmony corporation manufactures and sells a single product. in preparing the budget for the first quarter the companys
During 2013 uma company had 160000 in cash sales and : during 2013 uma company had 160000 in cash sales and 1200000 in credit sales. the accounts receivable balances were
Accounts receivable arising from sales to customers : accounts receivable arising from sales to customers amounted to 45000 and 50000 at the beginning and end of the year
What is the capitalized cost if i want to endow a : what is the capitalized cost if i want to endow a university program that has annual costs of 140000 at 7 per year
Write a 1750- to 2250-word paper on the relationship : analyze the first fourth fifth sixth and fourteenth amendments to the united states constitution.write a 1750- to
An investor recently purchased a corporate bond which : an investor recently purchased a corporate bond which yields 9 percent. the investor is in the 36 percent tax bracket.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Custom publishers company specializes in print-on-demand

custom publishers company specializes in print-on-demand books. the company needs information to budget next years

  Determine the adjustment to income due to the change

Determine the adjustment to income due to the change in accounting method and the amount that is allocated to 2005.

  How to evaluate this statement

The IRS can impose intermediate sanctions on a public charity if its gross unrelated business income exceeds 50% of its gross income, or if less than two-thirds of its net unrelated business income is used in carrying out its tax-exempt mission. ..

  Which one of the following is not a characteristic

which one of the following is not a characteristic generally evaluated in ratio

  N january 30 lift time corporation a wholesaler of

n january 30 lift time corporation a wholesaler of hydralic lifts acquired land in exchange for 18000 shares of 10 par

  What will its average inventory level be during the year

A firm expects to sell 10,000 units of its product annually. It estimates that it costs $200 to place an order and that each unit costs $7 annually to carry in inventory. It takes 7 days to receive an order once it is placed, and the store is open..

  Why would local government establish a special district

why would local government establish a special district? could the functions performed by special districts be done as

  Business income subject to us taxation

What factor(s) do U.S. taxing authorities consider to determine whether the interest is investment income not subject to U.S. taxation or business income subject to U.S. taxation?

  Compare and contrast the differences in accounting processe

Compare and contrast the differences in accounting processes and procedures that medium sized companies such as yours go through when going public.

  Which one of the following is a true statement about

which one of the following is a true statement about incremental analysis?it is another name for capital budgeting.it

  Expenditures-expenses used in governmental accounting

What is the distinction between expenditures and expenses as the terms are used in governmental accounting?

  Sandstrom corporation has an extraordinary loss of 150000

sandstrom corporation has an extraordinary loss of 150000 an unusual gain of 105000 and a tax rate of 40. at what

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