How much is cash received from customers to be reported

Assignment Help Accounting Basics
Reference no: EM131775074

Widget, Inc.'s balance sheet shows the May 1, 2014 and May 31, 2014 accounts receivable balances as $14,500 and $12,300, respectively. Sales for the month totaled $156,000 while cost of goods sold totaled $85,000. How much is cash received from customers to be reported on the statement of cash flows?

Reference no: EM131775074

Questions Cloud

What is cross-browser compatibility : What is cross-browser compatibility? What causes a Web site to look different from browser to browser? What are the main Internet browsers used today?
Discuss why is profitability the sole relevant criterion : what is that criterion, and why is it important. If no, why is profitability the sole relevant criterion
Should james company make or buy the part : Should James Company make or buy the part? (Provide numerical support for your
How will you combine date fields with various formats : How will you combine date fields with various formats (i.e.,MMDDYYYY vs. DDMMYYYY)? What other data issues will need to be addressed?
How much is cash received from customers to be reported : How much is cash received from customers to be reported on the statement of cash flows
What is the residual income of the project : What is the ROI of the project? What is the residual income of the project? Should the company invest in this project?
Describe at least three or four websites you enjoyed : Based on recent experience, describe at least three or four websites you enjoyed visiting. Did the multimedia and interactivity elements in these websites
Explain the importance of separation of duties : Explain the importance of separation of duties to a system of internal controls.
What is the firm break-even point in sales dollars : The CFO has instructed you to first determine the break-even point in units of output for the company. What is the firm's break-even point in sales dollars

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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