Derive sales revenue from data the statement of cash flows and balance sheet Microsoft Corporation reported a balance of $5,196 million in accounts receivable at the beginning of the year and $5,334 million at the end of the year Its statement of cash flows using the direct method reported cash col...

Microsoft derive sales revenue from data in the statement of ...

Derive sales revenue from data the statement of cash flows and balance sheet Microsoft Corporation reported a

Question:

Derive sales revenue from data the statement of cash flows and Microsoft reported a balance of $5,196 million in at the beginning of the year and $5,334 million at the end of the year. Its statement of cash flows using the direct method reported cash collections from customers of $33,551 million for the year. Assuming that Microsoft makes all sales on account, compute the amount of sales during the year.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...