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  1. business
  2. accounting
  3. 1. xyz had revenues of $200,000 during 2015, and i

1. XYZ had Revenues of $200,000 during 2015, and its Accounts Receivable increased from $40,000...

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Accounting

1. XYZ had Revenues of $200,000 during 2015, and its Accounts Receivable increased from $40,000 to $50,000 during 2015. How much cash did XYZ collect from customers during 2015? XYZ did not have any unearned revenues.

$190,000
$200,000
$210,000

Cannot be determined

2. XYZ had Cost of Goods Sold of $100,000 during 2015, and its Inventory increased from $20,000 to $30,000 during 2015. XYZ's Accounts Receivable decreased from $22,000 to $17,000 and its Accounts Payable increased from $14,000 to $17,000 during 2015. How much cash did XYZ pay to suppliers during 2015?

$98,000
$107,000
$113,000
$118,000
None of the above

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