Saratoga Company reports sales of $200,000 and interest revenue of $17,000 for the current year. During the

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Saratoga Company reports sales of $200,000 and interest revenue of $17,000 for the current year. During the year, accounts receivable increased by $21,000 and interest receivable decreased by $3,000. Under the direct method, Saratoga would report cash inflows from operating activities of:
a. $235,000
b. $193,000
c. $241,000
d. $199,000

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...

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