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How much is cash received from customers for the year

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Reference no: EM132883514

Question - A company reported annual sales revenue of $950,000. During the year accounts receivable increased from a $56,000 beginning balance to a $64,000 ending balance. Accounts payable increased from a $44,000 beginning balance to a $46,000 ending balance.

Required - How much is cash received from customers for the year?

A. $960,000

B. $940,000

C. $942,000

D. $958,000

Reference no: EM132883514

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