Question

In: Accounting

Use the following information about the current year's operations of a company to calculate the cash...

Use the following information about the current year's operations of a company to calculate the cash received from customers.  

​
Sales $ 100,000
Accounts receivable, January 1 25,000
Accounts receivable, December 31 32,000
Accounts payable, January 1 52,000
Accounts payable, December 31 62,000

$68,000.

$157,000.

$93,000

$100,000.

$125,000.

Solutions

Expert Solution

Cash received from customers

= Sales + Beg accounts receivable - end accounts receivable

= 100,000 + 25,000 - 32,000

= 93,000

Option C is the answer

ekkarill92 answered 2 years ago
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