Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 4 (2 points) A company reported annual sales revenue of $1,800,000. During the year, accounts receivables decreased by $8,000. How much cash was collected

Question 4 (2 points)

image text in transcribed

A company reported annual sales revenue of $1,800,000. During the year, accounts receivables decreased by $8,000. How much cash was collected from customers for the year?

Question 4 options:

a)

$ 1,808,000

b)

$ 1,964,000

c)

$ 1,796,000

d)

$ 1,820,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Quality Auditing In Construction Projects

Authors: Abdul Razzak Rumane

1st Edition

1032570245, 978-1032570242

More Books

Students also viewed these Accounting questions

Question

Locate the respiratory areas and name their major components.

Answered: 1 week ago