Molino Inc. reported sales revenue of $2 million for 2017. Accounts receivable decreased by $200,000 and accounts payable increased by $300,000. Compute cash receipts from customers, assuming that the receivable and payable transactions are related to operations. Cash receipts from customers $ A. $1,500,000 B. $1,700,000 C. $2,200,000 D. $2,500,000

Molino Inc. reported sales revenue of $2 million for 2020. Accounts receivable decreased $200,000 and accounts payable increased $300,000. Compute cash receipts from customers, assuming that the receivable and payable transactions related to operations.

15. Zeta Company reported sales revenue of P4,600,000 in its income statement for the year ended December 31, 2011. Additional information is given below. Under the cash basis of accounting, what amount should be reported as sales revenue for 2011? 12/31/2010 12/31/2011 Accounts receivable 1,000,000 1,300,000 Allowance for uncollectible accounts 60,000 110,000 Zeta wrote off uncollectible accounts totaling P20,000 during 2011. O a. 4,900,000 O b. 4,350,000 O c. 4,300,000 O d. 4,280,000

Utica Company's net accounts receivable was $250,000 at December 31, 2016, and $300,000 at December 31, 2017. Net cash sales for 2017 were $100,000. The accounts receivable turnover for 2017 was 5.0,   What was Utica's total net sales for 2017?

Concord Corporation had the following transactions that took place during the year: I. Recorded credit sales of $3050 I. Collected $1830 from customers III. Recorded sales returns of $610 and credited the customer's account. What is the total effect of these transactions on free cash flow? Cannot be determined O Increase Decrease O No Effect

The following information is related to sales of ABC company for the year 2016. Cash collected from customers during the year 400,000 Included in the above : Advance received from customers for orders not delivered 50,000 Amount received from customers related to previous year's sales 65,000 Amount not received from customers for current years sales 23,000 What is the amount of revenue reported in the income statement? (Remember the related concepts) $308000 $285000 $400,000 $335,000

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During 2017, Vaughn Manufacturing had sales on account of $828,000, cash sales of $465,000, and collections on account of $651,000. As a result of these transactions, the change in the accounts receivable indicates an increase of how much?