Question: 6 Discount Computers' accounts recelvable increases during the year by $3.0 million. What is the amount of cash recelved from customers during the reporting period

Discount Computers' accounts recelvable increases during the year by $3.0 million. What is the amount of cash recelved from customers during the reporting period if its sales are $47.8 million? (Enter your answer in millions of dollars rounded to 1 decimal place.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Which is larger? 1 L or 1 mL

PLEASE answer all. 29 30 31 Company A, reports net sales of $2,750,000, cost of goods sold of $1,550,000, and income tax expense of $141,000 for the year ended December 31, Year 2. Selected balance...

education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fims.mheducation.com%252Fmghmiddleware... L Saved Help Save & TB EX Qu. 11-176 Discount Computers' accounts...

Discount Computers' accounts receivable increases during the year by $2.3 million. What is the amount of cash received from customers during the reporting period if its sales are $47.3 million?...

1. Stealth Fitness Center issues 7%, 9-year bonds with a face amount of $100,000. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually. At what price...

Discount Computers' accounts receivable increases during the year by $2 million. What is the amount of cash received from customers during the reporting period if its sales are $47 million? (Enter...

April Wood Products' accounts recelvable increased during the year by $3.0 million. Required: What is the amount of cash April Wood Products recelved from customers during the reporting period If Its...

Video Shack's accounts recelvable decreases during the year by $8.3 million. What is the amount of cash recelved from customers during the reporting period if its net sales are $66.0 million? (Round...

Video Shack's accounts recelvable decreases during the year by $8.8 million. What is the amount of cash recelved from customers during the reporting period if its net sales are $71.0 million? (Round...

Horton Housewares' accounts recelvable decreased during the year by $7.0 million. Required: What is the amount of cash Horton recelved from customers during the reporting period If its sales were $37...

Brief Exercise 21-1 (Algo) Determine cash received from customers [LO21-3] Horton Housewares' accounts receivable decreased during the year by $3.0 million. Required: What is the amount of cash...

Analyze the plan for potential problems. MINI CASE D. U. Singer Hospital Products Corp. has done sufficient new product development at the research and development level to estimate a high likelihood...

python code please 3. It's easy to use exponents in Python using the ** operator. For this problem, you will write your own exponent function called pow(base, ex) that returns the value of base...

Review of Ellia Hotel WHS policy (what are the main key points asked about the policy summarise and ask feedback) Ellia Hotel WHS Policy Purpose To document the WHS policy of the organisation and to...

The following data is taken from a firm with several business units. Using the line of business information and the weightings provided, rate both the competitive position and attractiveness of each...

Loans payable at December 31, 2013 included $2.1 billion of notes due in 2014, $1.6 billion of commercial paper, $402 million of short-term foreign borrowings and $370 million of long-dated notes...

TO: Bill Bugnay MEMO #112 From: Arif Chowdhury December 1, 20XX Please issue me cheque to M. Lasker to cover his Spring Break Holidays airfare. The amount of $1680 is broken down as follows airfare...

Identify the mirroring technique shown in each of the following conversations: a) "When I suggested that idea, no one responded, but when Beth suggested it, the same people were enthusiastic." "You...

Compare and contrast the fixed - quantity version of EOQ with the fixed - interval version. In which situations would each be used? Why has the JIT approach to inventory control become popular in...

=+ What characters could become part of everyday culture?

=+1. Work in teams of four or five.

=+5. Now write the same commercial as a 15-second spot. Think about