User Account

All Pages

How much cash was provided by collection

Assignment Help Accounting Basics
Reference no: EM131784984

During 2014, Stewart Company reported revenues on an accrual basis of $70,000. Accounts receivable decreased during the year from $35,000 at the beginning to $24,000 at the end. How much cash was provided by collection from customers during the year?

a. $45,500

b. $59,500

c. $70,000

d. $85,500

Reference no: EM131784984

Questions Cloud

Create a global code of conduct for your company : If you had to create a global code of conduct for your company, what would you include in that process and which core values would you state?
Write a draft abstract for negative impacts of recalls : Write a draft abstract for Negative Impacts of Recalls - Food and Beverage Reverse Logistics
Why is the accurate valuation of goodwill so important : Assuming that all unrelated acquisitions are at "arm's length," why is the accurate valuation of goodwill so important? Why should you be concerned about it
How many servings of each diet are needed : Write the inequalities that describe how many servings of each diet are needed to provide the nutritional requirements.
How much cash was provided by collection : Accounts receivable decreased during the year from $35,000 at the beginning to $24,000 at the end. How much cash was provided by collection from customers
Strategy or tactics applied by the company in offering it : How do you think business buyer behavior can have an impact on the strategy or tactics applied by the company in offering it?
Define the economy model of wood chippers : Management the wellbuilt Company produces two types of wood chippers, economy and deluxe. The deluxe model requires 3 hours to assemble and 1y2 hour to paint.
What amount is cash provided by operating activities : During the year, Samuels reported net income of $300,000, Applying the indirect method, what amount is cash provided by operating activities
Read all of the material and the case study : American Investment Management Services in Week 9 before beginning the final exam. Then answer the following questions.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the adjustment to income due to the change

Determine the adjustment to income due to the change in accounting method and the amount that is allocated to 2005.

  Diversified products inc has recently acquired a small

diversified products inc. has recently acquired a small publishing company that diversified products intends to operate

  What amount should reliable report as a current liability

What amount should Reliable report as a current liability for Unearned Insurance Premiums at December 31

  What wholesale price will krupsak pick for the australian

Before the corporate expenses are allocated to the sales districts, what wholesale price will Krupsak pick for the Australian T-shirts and how many T-shirts will he sell? Show how you derived these numbers.

  How much net income did the company earn

The equity sections from Jetta Corporation's 2011 and 2012 balance sheets follow.

  Chemco operates two plants a and b which produce the same

chemco operates two plants a and b which produce the same product. the capacity of plant a is 60000 gallons while that

  Prepare a capital budget for the hot new cafe

Define payback period. Assume the company has a P/B (payback) policy of not accepting projects with life of over 3 years. Do you think the project should be accepted? Why?

  Using primary stage cost drivers show how the costs should

using primary stage cost drivers show how the costs should be related to products..explain why it is necessary to use

  Balance sheet accounts related to the lease

1.In the situation described in BE 15-17, assume the asset being leased cost the lessor $125,000 to produce and its fair value is $150,000.

  Budgets useful in planning process

Why are budgets useful in the planning process? a) They provide management with information about the company's past performance. b) They help communicate goals and provide a basis for evaluation.

  Prepare the necessary adjusting entries at december 31 2013

1.on october 1 2013 microchip lent 90000 to another company. a note was signed with principal and 8 interest to be paid

  What was the original cost of the asset

If accumulated depreciation on the sale date was $57,511 and a gain of $5,921 was recognized on the sale, what was the original cost of the asset

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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