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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