Maxwell Furniture Center had accounts receivable of $20,000 at the beginning of the year and $54,000 at
Question:
Maxwell Furniture Center had accounts receivable of $20,000 at the beginning of the year and $54,000 at year-end. Revenue for the year totaled $116,000. How much cash did the business collect from customers?
a. $150,000
b. $62,000
c. $116,000
d. $82,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answered By
WAHIDUL HAQUE
hello,
I'm a professional academic solution provider working as a freelance academic solution provider since 7 years. I have completed numerous projects. Help lots of students to get good marks in their exams and quizzes. I can provide any type of academic help to your homework, classwork etc, if you are a student of Accounting, Finance, Economics, Statistics. I believe in satisfying client by my work quality, rather than making one-time profit. I charge reasonable so that we make good long term relationship. why will you choose me? i am an extremely passionate, boldly honest, ethically driven and pro-active contractor that holds each of my clients in high regards throughout all my business relations. in addition, I'll always make sure that I'm giving my 100% better in every work that will be entrusted to me to be able to produce an outcome that will meet my client's standards. so if you are a student that is now reading my profile and considering me for your academic help. please feel free to look through my working history, feedback and contact me if you see or read something that interests you. I appreciate your time and consideration.
regards
4.90+
233+ Reviews
368+ Question Solved
Related Book For
Horngrens Financial And Managerial Accounting The Managerial Chapters
ISBN: 9781292412337
7th Global Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Business questions
-
Multiple Choice Questions Questions 1-6 use the following data. Sheehan Corporation formats operating cash flows by the indirect method. 1. How many items enter the computation of Sheehans net cash...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
A small business owner, Bram, intends to introduce a budget as an economic instrument. Bram intends to initially only establish the three main budgets, ie. profit budget, liquidity budget and balance...
-
Assume that you are purchasing shares in a company in the variety store and gas bar supply business. Suppose you have narrowed the choice to BFI Trading Ltd. and Lin Corp. and have assembled the...
-
A mixture of 3 mol of N2, 1 mol of O2, and 0.1 mol of Ar is heated to 2400 K at a constant pressure of 10 atm. Assuming the equilibrium mixture consists of N2, O2, Ar, and NO, determine the...
-
In Problem factor completely. 2x 3 8x
-
The production department of Zunni's Manufacturing is considering two numerically controlled drill presses; one must be selected. Comparison data is shown in the table below. MARR is 10 percent/year....
-
Apple Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a...
-
What are some practical advantages to using a star schema data model over a relational model in healthcare?
-
If accrued liabilities increased during the year, which of the following is correct when using a spreadsheet to complete the statement of cash flows (indirect method)? a. Increase in Accrued...
-
Holmes, Inc. expects net cash flow from operating activities to be $160,000, and the company plans purchases of equipment of $83,000 and repurchases of stock of $24,000. What is Holmess free cash...
-
The economy is in a boom and the inflationary gap is large. a. Describe the discretionary and automatic fiscal policy actions that might occur. b. Describe a discretionary fiscal restraint package...
-
Describe the steps that should be taken to ensure a smooth handover of the project output from the project team to the client and the eventual users. These are steps that should take place before and...
-
Provide a comprehensive analysis of the policy Affordable Care Act. Include the following: Describe the model used for policy analysis. Discuss the problem the policy addresses. Identify the...
-
How will you as a health care manager ensure regulations are applied in your organization to maintain compliance? Provide an example. Discussion 2 What would you do if you were a new CEO and found...
-
Instructions: In order to ensure that you are truly grasping the assigned readings, each week students are required to submit (approximately) a one fiftey-word essay on: questions. Since this is an...
-
Management and Internal Control Create a scenario where external auditors determined that a company's internal controls were deficient, but such a deficiency might not mean that a material weakness...
-
What sample sizes are necessary at population sizes of 1 billion, 10,000, and 100 with a confidence interval of 5 and a 95 percent confidence level? Explain the effect population size has on sample...
-
Players A, B, and C toss a fair coin in order. The first to throw a head wins. What are their respective chances of winning?
-
Read Board Oversight of Patient Care Quality in Large Nonprofit Health Systems by Prybil, Bardach, and Fardo. (See Articles.) What do studies conducted by the Institute of Medicine, The Commonwealth...
-
Discuss the contrast between leadership and management. In your opinion, do nonprofits needs good leaders or good managers?
-
Could one individual be a great leader in government, a corporation, or a nonprofit? Why or why not?
-
The client company has chosen YOUR COMPANY as their consultant to bring them through the implementation of a new HRIS. They loved your ideas on your RFP. Now it is time to do the work you promised....
-
Innovation plan In this assignment I want you to take an organization you have intimate knowledge of - preferably the place you are either currently employed or recently employed-and define a plan to...
-
1.)Discuss the difference between preparatory, purposeful, and occupation-based activity and their use in meaningful client intervention. Identify whether a COTA may use any of the above mentioned...
Study smarter with the SolutionInn App