Cash collected from customers

Assignment Help Financial Accounting
Reference no: EM13747790

ABC reported sales of $300,000, write-offs of uncollectible accounts of $10,000 against the allowance for doubtful accounts, and a decrease in net accounts receivable of $40,000 during 2014. What would be ABC's cash collected from customers during 2014?

Reference no: EM13747790

Questions Cloud

What is capitalism : This is a two-part question. From your text, answer: 1) What is Capitalism? and 2) According to Karl Marx, why is Capitalism "doomed to fail"?
Find out the compounded semi-annually : You have $20,000 you want to invest for the next 40 years. You are offered an investment plan that will pay you 7 percent per year for the next 20 years, and 11 percent per year for the last 20 years, compounded semi-annually.
What kinds of safeguards exist to reduce this threat : In what ways might genetically engineered organisms pose a threat to the health and safety of human populations? What kinds of safeguards exist to reduce this threat
Transaction be reported on the statement of cash flows : ABC Company acquired some land (independently appraised at $12,000) and paid for it by issuing 1,000 shares of its common stock (par $10 per share; no market price was quoted). How should this transaction be reported on the Statement of Cash Flows (S..
Cash collected from customers : ABC reported sales of $300,000, write-offs of uncollectible accounts of $10,000 against the allowance for doubtful accounts, and a decrease in net accounts receivable of $40,000 during 2014. What would be ABC's cash collected from customers during 20..
Main disadvantage of using only a debit card : 1) What is the main disadvantage of using only a debit card? 2) When selecting and using a debit card, you should avoid
What is the complete disclosure in the direct method : A firm's dividends payable account increased $10,000 during the year. The firm also declared $35,000 of dividends. What is the complete disclosure in the direct method SCF for these events?
What were the long-term causes of world war i : What were the long-term causes of World War I? When did the war become inevitable? What battles were the turning points of the war? How did this war change the world forever?
What is the best treatment for this disease : What is the best treatment(s) for this disease that are being used presently? What are the ongoing clinical trials. If there are no trials, explain how would you design a novel stem cell treatment for your disease

Reviews

Write a Review

Financial Accounting Questions & Answers

  Identify domestic production activities deduction

Identify domestic production activities deduction and explain its current treatment. Then, argue whether or not it should be allowed as a deduction. You can approach this question from an economic, social, revenue, or political perspective.

  Describe the iasb conceptual framework perspective

Which qualitative characteristics of financial reporting, as per the IASB Conceptual Framework, appear not to be satisfied by current reporting practices as per IFRS.

  What documents will you seek during discovery to address

As the forensic accountant hired by the U.S. Justice Department to litigate this case, answer the following: What documents will you seek during discovery to address the whistle-blower’s allegations?

  How should sales revenues be considered

Consider the following statement: It is most sensible to start with the sales budget and develop the other budget from there. Analyse the validity of this statement. Do you agree with the statement? How should sales revenues be considered when det..

  Computation of various balance sheet ratiosscully

computation of various balance sheet ratios.scully corporations comparative balance sheets are presented below.scully

  How many preferred shares have been issued

How many preferred shares have been issued as of year-end 2007 and 2008 and How many common shares have been issued as of year-end 2007?  As of year-end 2008?

  Cochrane inc is considering a new three-year expansion

cochrane inc. is considering a new three-year expansion project that requires an initial fixed asset investment of 2.28

  Aving learned the five core principles does this make sense

Typically the interest rate on the fixed-rate mortgage is higher. Having learned the five core principles, does this make sense?

  Determine the gain or loss on sale

Derive the accumulated depreciation on the equipment and determine the gain or loss on sale - Determine the gain or loss on sale

  Compute the federal tax return for the deckers

Paul and Donna Decker are married taxpayers, ages 44 and 42, who file a joint return for 2013. The Deckers live at 1121 College Avenue, Moab, Utah 84632. Paul is an assistant manager at Moab Motor Inn, and Donna is a teacher at Carmel Elementary S..

  Prepare a statement of cash flows

Prepare a statement of cash flows (indirect method). Ignore tax effects and Statement of cash flows.

  What was the annual amount of depreciation for the years

disposal of fixed assetequipment acquired on january 4 2009 at a cost of 425000 has an estimated useful life of nine

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd