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Amount of Cash Receipts for a Year

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Beverly Crusher Co. has accounts receivable of $14,000 at January 1, 2006, and $21,000 at December 31, 2006. Sales revenues for 2006 were $470,000.What is the amount of cash receipts from customers in 2006?

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Solution Summary

Basic calculations to find the cash receipts when given accounts receivable and sales revenues.

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