How much cash did Aston collect from customers

Assignment Help Accounting Basics
Reference no: EM133025868

Question - Aston Corporation reported sales of $1,400,000 for the year. In addition, the company's accounts receivable balance grew from $120,000 at the beginning of the year to $170,000 at the end of the year. How much cash did Aston collect from customers during the year?

a. $1,150,000

b. $1,350,000

c. $1,400,000

d. $1,200,000

Reference no: EM133025868

Questions Cloud

Compare traditional it services with cloud services : Compare traditional IT services with Cloud Services and how different service models can be utilised to solve a challenge, using different public cloud
Organizational learning and training and development : How does this connection help us understand why the performance appraisal training program was not more successful?
Critique report of organisational change process : You are required to participate in a small scale individual/pair based project to examine and critique a report of an organisational change process in an existi
Estimate of the company weighted average cost of capital : Question - Using the following financial data, what is your estimate of the company's weighted average cost of capital
How much cash did Aston collect from customers : Aston Corporation reported sales of $1,400,000 for the year. How much cash did Aston collect from customers during the year
Make screenshots in sap build for each screen : Make screenshots in SAP Build for each screen you have built, and put them in a Word document, Write one sentence to describe each screen briefly
Calculate the income of the shareholder : Assume that the corporation has no general rate income pool ("GRIP") balance at all relevant times. Calculate the income of the shareholder
Indicate the amount of underapplied or overapplied overhead : Indicate the amount of underapplied or overapplied overhead if actual direct labour was $118,000 and actual manufacturing overhead was $497,400
Find the accumulated value : The payments received are immediately deposited in a fund earning an effective annual interest rate of 3%. Find the accumulated value after the 30 years

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the cost of goods sold and ending inventory

Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO

  Journalize all entries stated for jamerson co

June 30 Recorded Warranty expense which is estimated to be 2% of sales stated in the transaction above. Journalize all entries stated for Jamerson Co

  Identify it represents an accounting change or an error

Identify whether it represents an accounting change or an error. If an accounting change, identify the type of change

  Identifies the audit assertion each of the above procedures

Develop a set of guidelines that you would use to determine if it was appropriate to whistleblow in a situation where you considered there may be unethical conduct. Explain in a paragraph the reason for each of the guidelines that you have develop..

  Which item would be included on the bank reconciliation as a

A check drawn by a company for $360 in payment of a liability was recorded in the journal as $630. This item would be included on the bank reconciliation as a

  Prepare sales budget in units and dollars

Prepare sales budget in units and dollars, by month and in total, for the fourth quarter (October, November, and December) of 2013

  Main accounting issues in ssap 24

Identify and explain the main accounting issues in SSAP 24, Accounting for pension costs, for defined contribution schemes and defined benefit schemes.

  Production standards based on engineering analysis

a cost analyst for stamper manufacturing co. has assembled the following data about the model 24 stamp padthe piece of

  Calculate the npv the irr and the probability index

Water Country is considering purchasing a water park in Atlanta for $1,850,000. Calculate the NPV, the IRR and the probability index of this investment

  Which transactions would give rise to a deferred income tax

You are preparing the consolidated financial,Which transactions would give rise to a deferred income tax asset being recorded on the consolidated balance sheet?

  Present a balance sheet for the new partnership as of july

Musa Moshref and Shaniqua Hollins have operated a successful firm for many years. Present a balance sheet for the new partnership as of July 1, 2016.

  What is the size of yearly payments

The first made today, to a saving account, for 8 payments in total. If he can earn j1=2.5% on his money, what is the size of his yearly payments.

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