Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 29, 2024

A firm has sales of $10,500 in 2019. Its receivables increase $100 and its payables decrease $150 over the year. What are the firms cash

A firm has sales of $10,500 in 2019. Its receivables increase $100 and its payables decrease $150 over the year. What are the firms cash sales?

a. $10,450

b. $10,400

c. None of them is true

d. $10,650

e. $10,350

f. $10,550

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Analytical Finance The Mathematics Of Interest Rate Derivatives Markets Risk And Valuation Volume II

Authors: Jan R. M. Röman

1st Edition

3319525832,3319525840

More Books

Students also viewed these Finance questions

Question

★★★★★

How is the bag assumption used in CVP analysis for a multiproduct firm? What additional assumption must be made in multiproduct CVP analysis that doesnt pertain to a single-product CVP situation?

Answered: 1 week ago

Question

★★★★★

Your firm needs a computerized machine tool lathe which costs $ 4 6 , 0 0 0 and requires $ 1 1 , 6 0 0 in maintenance for each year of its 3 - year life. After three years, this machine will be...

Answered: 1 week ago

Question

★★★★★

Does the three-step writing process apply to IM? Why or why not? [LO-5]

Answered: 1 week ago

Question

★★★★★

Rules governing the investment practices of individual certified public accountants prohibit them from investing in the stock of a company that their firm audits. The Securities and Exchange...

Answered: 1 week ago

Question

★★★★★

Maude worked as a Software Developer for Microsoft for 3 internships. She was just hired full-time after graduating from Concordia in December 2022. On her first day of work on January 1,2023 , she...

Answered: 1 week ago

Question

★★★★★

EVEN NUMBERS 1. Hospitals Currently, there are 5723 registered hospitals in the United States. a. Are the numbers of hospitals in different states discrete or continuous? b. What is the level of...

Answered: 1 week ago

Question

★★★★★

Kingbird, Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1, the division's assets with a book value of $1261000 are sold for $901000. Operating income from...

Answered: 1 week ago

Question

★★★★★

Question 6 You are traveling from point A to B on the following route: From A, move 12 km to the East, and 15 km to the West, (here is point B). If this takes 45 min, find the average velocity based...

Answered: 1 week ago

Question

★★★★★

Discuss the cryptography behind blockchain please make it simple and broad in more detail.

Answered: 1 week ago

Question

★★★★★

Give an example of how public policy has reinforced racial privilege/disadvantage within the United States.What are the lasting effects of such programs?Do these issues still exist today?

Answered: 1 week ago

Question

★★★★★

Identify one commercially successful product and explain how the product performs in relation to each of these areas. (Apple Inc.) a. Legal and ethical issues b. Environmental issues

Answered: 1 week ago

Question

★★★★★

=+3 Outline an effective strategy for writing routine replies and positive messages

Answered: 1 week ago

Question

★★★★★

=+9. Their computer is similar __________ ours.

Answered: 1 week ago

Question

★★★★★

=+4 Describe six common types of routine replies and positive messages

Answered: 1 week ago

Previous Question Next Question