Calculate cash collected from customers

Assignment Help Auditing
Reference no: EM1354226

Accounts Receivable had a blalance of $5400 the beginning of the month and $2,200 at the end of the month. Credit sales totaled $30,000 during the month. Assuming that all sales were made, how would one calculate the cash collected from customers during the month?

Reference no: EM1354226

Previous Q& A

  Solving multiple choice finance problems

Determine which of the following motivates corporations to enter into stock repurchase programs?

  Prepare organizational structure powerpoint on wal-mart

Explain the organizational structure of your selected organization, then compare and contrast it with two different organizational structures.

  Identifying a potential research question

Identify a potential research question that would be of interest to Wordplay Greeting Cards. Present your research question, and identify why you think it would be of interest and benefit to them.

  What horizontal distance does it cover during its flight

A seed shoots out from the pod with the speed of 2.6m/s but with a direction of motion 30° below the horizontal. The seed pod is initially 1.1m above the ground.

  Bank panic and related issues

Does the fact that your bank keeps only a fraction of your account balance in reserve make you uncomfortable? Why don't people rush to the bank and retrieve their money? How do banks prevent panics from occurring?

  Elucidate value of money and compute optimal pricing scheme

Ignore the time value of money and compute the optimal pricing scheme of the iphone, Suppose that there are equal numbers of each customer type, and that the MC of the iphone is $100.

  Fmc aberdeen and green river organizational structure

FMC Aberdeen and Green River Organizational Structure/Culture - Prepare an organizational analysis for Kenneth Dailey, site manager for FMC Corporation's Green River, Wyoming facility.

  Specific auditing and accounting problems

What potential risks may be present in this engagement? What specific auditing and accounting problems appear to exist? What additional information do you feel you need to know about the company? Do you believe the engagement should be accepted or re..

  Reason for problem encounter in deleting path variables

Discuss some of the problems he may soon encounter and explain the reasons for these problems. How could he easily return path to its original value?

  Calculate the net cash flow

Company X is planning to estimate the 1st year net cash flow for a proposed project. The financial staff has collected the following information on the project:

Reviews

Write a Review

 

Similar Q& A

  Evaluation of the internal accounting control system

An auditor evaluation and study of the internal accounting control system

  Interanl audit and internal control system

While not commonly discussed in the realm of risk management, the internal control system of an internal audit is a valuable tool for the risk manager.

  Determine ordering cost per order

Determine ordering cost per order

  Audit of fisher aquarium supply

Income tax liability. Fisher's tax attorney informed you that it is possible that the client will have to pay $875,000 in taxes regarding a tax dispute that started four years ago.

  Nonissurer internal control-financial reporting

Which of the following conditions is necessary for a practioner to accept an attest engagemetn to examine and report on a nonissuer's internal control over financial reporting?

  Auditing sample methods

Why do auditors find it necessary to use sampling? What are the risks associated with sampling? How might these risks affect the audit conclusion?

  Audit financial data

As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.

  Control-creativity compatibility

Is the evaluation and control process appropriate for a corporation that emphasizes creativity? Are control and creativity compatible?

  Reporting on internal control-public companies

The profession has argued for decades about the advisability of mandatory reporting on internal control by public companies and by governmental entities. In the 1970s and 1980s,

  Characteristics of public accounting

Public accounting firms are sometimes grouped into categories of local firms, regional firms, national firms, and international firms. Explain briefly the characteristics of each. Include in your answer the types of services stressed in each group.

  Purpose a sample draft of a unqualified audit opinion

Purpose a sample draft of a standard unqualified audit opinion and make sure you add a clause that the opinion is a Sample Only and not to be used for any other purpose

  Auditing techniques-methods and real life examples

Many corporations and government entities have an internal auditing function and a separate fraud investigation function either as a subunit of internal auditing or security or as a separate unit within the organization.

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