Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company reported annual sales revenue of $2,772,

A company reported annual sales revenue of $2,772,000. During the year, accounts receivable decreased from...

50.1K

Verified Solution

Question

Accounting

A company reported annual sales revenue of $2,772,000. During the year, accounts receivable decreased from a $102,000 beginning balance to a $69,600 ending balance. How much cash was received from customers for the year?

Select one:

A. $2,804,400

B. $3,036,600

C. $3,003,000

D. $ 33,600

E. None of the above

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

possible values of n l and m for this electron Question Type Single Correct Type...

Geometry
1.2K views

Given the figures are similar calculate the area of EFGH A 18 B O24 108...

Accounting
1.2K views

1) What is IRC section 751 recapture and how is it taxed? is itordinary...

Statistics
1.2K views

A certain beverage company provides a complete line of beer, wine, and soft drink products for...

Basic Math
1.2K views

The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car...

Physics
1.2K views

What is the one property of dark matter we can measure? a) Color. b) Mass. c)...

Statistics
1.2K views

The following data represent the high temperature distribution for a summer month in a city...

Calculus
1.2K views

For a voltage V 270 sin 100 t find the root mean square voltage for...

Accounting
1.2K views

ABC Company Ltd uses the periodic inventory system. At 1 April 2016 the...

Accounting
1.2K views

Co is consi selling excess equipment with a book value of $11,000 (original cost of...

Accounting
1.2K views

Ascena Retail Group Link to Form 10-K: https://www.sec.gov/Archives/edgar/data/1498301/000149830116000157/asna10-k7302016.htm Provide horizontal analysis of your companys income...

Finance
1.2K views

We bought a 180-day commercial paper with a face value of $8000000 at 5.24% p.a....