Question
The following information are offered to you for X Company Account Name 2019 2018 Accounts Receivable 58,500 48,500 Inventory 65,000 50,000 Accounts payable $ 65,000
The following information are offered to you for X Company
| Account Name | 2019 | 2018 |
| Accounts Receivable | 58,500 | 48,500 |
| Inventory | 65,000 | 50,000 |
| Accounts payable | $ 65,000 | $ 55,000 |
Other information:
Sales of 2019 are $80,000
COGS at 2019 is $35,000
What will be the cash receipt from customers?
Select one:
a. $40,000
b. $70,000
c. $45,000
d. $90,000
e. All answers are wrong
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Managerial Accounting Wileyplus Blackboard Student Package
Authors: Charles E. Davis, Elizabeth Davis
3rd Edition
1119342511, 978-1119342519
