Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. change $8,570 $4,687 52.314 2013 and 2014 selected

Change $8,570 $4,687 52.314 2013 and 2014 Selected Balance Sheet Accounts of Rian Company 12/31/14...

80.2K

Verified Solution

Question

Accounting

image
Change $8,570 $4,687 52.314 2013 and 2014 Selected Balance Sheet Accounts of Rian Company 12/31/14 12/31/15 Accounts receivable $40,818 $49,388 Inventory $59,023 $63,710 Accounts payable $29,040 $26,735 Click on the icon in order to copy its content into a spreadsheet 2014 Selected Income Statement Items for Rian Company Cash sales $499,000 Credit sales $551,000 Total sales $1,050,000 Cost of goods sold $552 548 If total sales had remained at $1.050,000, how much of the sales revenue would have needed to be cales for the company to meet the collection goal (Round to the nearest dollar)

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