What amount of cash did harlem receive from customers

Assignment Help Financial Accounting
Reference no: EM131221871

Sales for Harlem Tool & Die during 20X1 were $600,000, 75% of them on credit and 25% for cash. During the year, accounts receivable increased from $56,000 to $67,000, an increase of $11,000. What amount of cash did Harlem receive from customers during 20X1?

Reference no: EM131221871

Questions Cloud

How might inflation targeting affect output stability : In theory, how might inflation targeting affect output stability?  -  What do the Ball-Sheridan data say about this issue?
Company products and profitability : Discuss the long and short term implications for a company's products and profitability if they fix problems at the end of a production line, or stop production to deal with the problem when it is discovered.
Team current productivity and output : What do you do when the animosity from past conflict with a team member, begins affecting your team's current productivity and output?
Components of the service-profit chain : Two important components of the service-profit chain are employees and the customer. Discuss your insights into this theory and give examples of how this theory has worked or not worked in a job you have had.
What amount of cash did harlem receive from customers : Sales for Harlem Tool & Die during 20X1 were $600,000, 75% of them on credit and 25% for cash. During the year, accounts receivable increased from $56,000 to $67,000, an increase of $11,000. What amount of cash did Harlem receive from customers durin..
Why do you think the chairmen made these statements : In 2006, Ben Bernanke said the goals of strong output growth and low inflation "are almost always consistent with each other."- Why do you think the chairmen made these statements?
Demand for patient services : Richland Health has three hospitals in the greater Tampa, Florida area. Demand for patient services varies considerably during the fall and winter months due to the temporary influx of the aged population.
Operator of immigrant relocator services : Sue Krebs is the sole owner and operator of Immigrant Relocator Services. As of the end of its accounting period, December 31, 2005, Immigrant Relocator Services has assets of $925,000 and liabilities of $285,000. What is the amount of net income dur..
Will action push money growth toward the reference value : Suppose the growth rate of Europe's money supply exceeds the ECB's reference value, leading the ECB to raise its interest rate target. - Will this action push money growth toward the reference value?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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