Cash collection from customers
Not what you're looking for?
24) A company reported sales of $320,000 this year. The following is also available:
Accounts receivable
Balance at the beginning of this year $40,000
Balance at end of this year $25,000
On the statement of cash flow (direct method), what amount would be reported for "cash collected from customers" for this year?
A) $255,000
B) $305,000
C) $335,000
D) $360,000
Please select one of the following answers stated above.
Purchase this Solution
Solution Summary
The solution calculates the cash collection from customers.
Purchase this Solution
Free BrainMass Quizzes
Motivation
This tests some key elements of major motivation theories.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Basics of corporate finance
These questions will test you on your knowledge of finance.
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.