Suppose Columbia Sportswear Company had accounts receivable of $271,448,000 at January 1, 2022, and $209,942,000 at December 31, 2022. Assume sales revenue was $1,293,687,000 for the year 2022. What is the amount of cash receipts from customers in 2022? Cash receipts from customers $
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- Suppose Columbia Sportswear Company had accounts receivable of $277,236,000 at January 1, 2022, and $237,235,000 at December 31, 2022. Assume sales revenue was $1,345,870,000 for the year 2022.What is the amount of cash receipts from customers in 2022?Suppose Columbia Sportswear Company had accounts receivable of $206,024,000 at the beginning of a recent year, and $267,653,000 at year-end. Sales revenue was $1,095,307,000 for the year.What is the amount of cash receipts from customers? what are the cash receipts from customers?A company reported the following information: Accounts receivable, December 31, 2023: $122,000 Accounts receivable, December 31, 2022: $113,000 Sales (all on credit) for 2023: $850,000 Accounts receivable, December 31, 2023 $122,000 Accounts receivable, December 31, 2022 113,000 Sales (all on credit) for 2023 850,000 How much cash was collected from customers during 2023?
- Find out the company's cash ratio which has cash of P7500, cash equivalents of P26,250, accounts receivables of P4,300. Its total current liabilities are P45,000. What are cash equivalents? Exe2.1Current Attempt in Progress Suppose Columbia Sportswear Company had accounts receivable of $270,028,000 at January, 1, 2022, and $206,250,000 at December 31, 2022. Assume sales revenue was $1,343,487,000 for the year 2022. What is the amount of cash receipts from customers in 2022? Cash receipts from customers $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 Expensẽ Profit before Tex 85,000 65,000 20,000 8.000 12:000 2000 10,000 3,000 Z.000 Net Profit la 85000 b 92000 here to search hp 立
- In its income statement for the year ended December 31, 2020, Angel Company reported revenue of P5,000,000. The accounts receivable at January 1 is P300,000; Uncollectible accounts written off is P20,000; and accounts receivable at December 31 is P200,000. How much revenue will be reported under the cash basis of accounting? *A. P4,900,000B. P4,920,000C. P5,080,000D. P5,100,000E. answer not given. In its income statement for the year ended December 31, 2020, Angel Company reported revenue of P5,000,000. The accounts receivable at January 1 is P300,000; Uncollectible accounts written off is P20,000; and accounts receivable at December 31 is P200,000. How much revenue will be reported under the cash basis of accounting? *Use the following excerpts from Brownstone Company's financial statements and complete the worksheet below to determine cash received from customers in 2018. From Balance Sheets Accounts Receivable Dec. 31, 2018 $ 25,000 Dec. 31, 2017 $20,000 2018 220,000 From Income Statement: Sales PLEASE NOTE: You are to follow the format shown in the textbook. Cash Collected from Sales Revenue [ Select ] [ Select ] [ Select ] [ Select ] [ Select ] [ Select ] [ Select ] [ Select ] [ Select ] [ Select ]
- Dhofar Company's income statement for 2020 is given below. If Accounts receivable balances are 14000 in 2020 and 8000 in 2019. Which of the following is cash collections from customers? Sales 50,000 stion -COGS 30,000 Gross Profit 20,000 -Operating Expenses 8,000 Operating Profit -Interest Expense 12,000 2,000 Profit before Tax 10,000 - Tax 3,000 Net Profit 7,000 Select one: O a. 56000 O b. 44000 O c. 54500 O d. 61500 ofHamilton Company reported an increase of $400,000 in its accounts receivable during the year 2018. The company's statement of cash flows for 2018 reported $1.3 million of cash received from customers. What amount of net sales must Hamilton have recorded in 2018? 8 o11354 Multiple Cholce $900,000 $1700,000 $400.000 $1.300,000Swifty Ltd. had the following 2023 income statement data: Revenues Expenses 1/1/23 Revenues $113,000 In 2023, Swifty had the following activity in selected accounts: 12/31/23 49,200 $63,800 Accounts Receivable 19,100 113,000 34,780 1,320 Write-offs 96,000 Collections Allowance for Expected Credit Losses Write-offs 1.320 Swifty Ltd. Statement of Cash Flows (Indirect Method) 1,300 1.540 1.520 1/1/23 Loss on impairment 12/31/23 Prepare Swifty's cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g. -10,000 or in parenthesis eg. (10,000).