ON SPRING moodle1.du.edu.om U- Moodle English (en) Sohar Company's income statement for 2021 is given below. If Accounts receivable balances are 14000 in 2021 and 7000 in 2020. Which of the fallowing is cash collections from customers? Sales COGS Gross Profit Operating Expenses Operating Profit EInterest Expense Profit before Tex 85,000 65 ,000 20,000 #8,000- 12:000 2000 10,000 3,000 7.000 | Net Profit a 85000 92000 here to search hp

Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2024 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable $1,100,000 610,000 55,000 45,000 PEACH COMPUTER Selected Balance Sheet Data December 31 2024 $107,000 45,500 80,000 3,500 50,000 5,500 2023 $87,500 51,500 57,500 6,000 39,500 12,500 $1,925,000 1,810,000 $115,000 Increase (I) or Decrease (D) $19,500 (I) (D) 6,000 22,500 (I 2,500 (D) 10,500 (I) 7,000 (D)

Given the following data from company def, using the direct method of cash flows the company would have determined its cash inflow to be:  $30,000.00 Accounts receivable, at 12/31/2018 $20,000.00 Accounts receivable, at 12/31/2019 $507,000.00 Sales for year 2019 $357,000.00 Gross Profit A) 497,000 B) 367,000 C) 347,000 D) 517,000

How does Accounts Payable impact Declan's Designs' 2022 Statement of Cash Flows?

Question: The following selected data for ABC Corporation for the year ended December 31, 2020, is available to you for preparing the cash flow statement: Cost of goods sold $56,500 Sales revenue $97,300 Amortization expense 14,100 Interest revenue 4,100 Income tax expense 2,300 Dividend revenue

please help me answer Required 1 and 2 with solution

This Information will be used for all questions: Selected Balance Sheet Information    Year 2020     Year 2021 Cash             40,000  ?  Accounts Receivable             10,000             14,000 Prepaid Rent               5,000               6,000 Inventory             35,000             30,000 Accounts Payable               3,000               2,000 Unearned Revenue               5,000               7,000 Income Taxes Payable             14,000             12,000       Other Relevant Information for 2021     Beginning Cash Balance             40,000   Net Income             65,000   Depreciation Expense             40,000   Cash Paid for Dividends             10,000   Cash Received for Loan             40,000   Cash Repaying Loan             10,000   Cash Payment to Purchase Land             12,000   Cash Received for Sale of Equipment             15,000   Gain on Sale of Equipment               5,000   Cash Received for Issuance of Stock…

Need Correct answer of the question

Please do not give solution in image format thanku

what is income statement? cash $14,785.00   A/R $100.00   Packing and office supplies $370.00   inventory $6,350.00   office forniture and equipment $1,100.00   AD:office furn and equipment   $31.00 A/P   $1,850.00 interest payable   $133.00 unearned revenue   $350.00 bank loan   $5,000.00 equity   $11,089.00 drawings $15.00   shoe sales revenue   $7,180.00 sales returns $120.00   cost of sales $500.00   online store expenses $650.00   shipping costs $1,199.00   interest expense $133.00   inventory shrink $150.00   depreciation expense $31.00   supplies expense $130.00     25,633 25,633