Suppose Columbia Sportswear Company had accounts receivable of $302,580,850 at January 1, 2022, and $228,813,480 at December 31, 2022. Assume sales revenue was $1,256,463,230 for the year 2022. What is the amount of cash receipts from customers in 2022?
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- 1. How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis . 2. What is the net increase or decrease in the Cash account for year 2021?Suppose Columbia Sportswear Company had accounts receivable of $277,236,000 at January 1, 2022, and $237,235,000 at December 31, 2022. Assume sales revenue was $1,345,870,000 for the year 2022.What is the amount of cash receipts from customers in 2022?Suppose Columbia Sportswear Company had accounts receivable of $206,024,000 at the beginning of a recent year, and $267,653,000 at year-end. Sales revenue was $1,095,307,000 for the year.What is the amount of cash receipts from customers? what are the cash receipts from customers?
- . In its income statement for the year ended December 31, 2020, Angel Company reported revenue of P5,000,000. The accounts receivable at January 1 is P300,000; Uncollectible accounts written off is P20,000; and accounts receivable at December 31 is P200,000. How much revenue will be reported under the cash basis of accounting? *Suppose Columbia Sportswear Company had accounts receivable of $271,448,000 at January 1, 2022, and $209,942,000 at December 31, 2022. Assume sales revenue was $1,293,687,000 for the year 2022. What is the amount of cash receipts from customers in 2022? Cash receipts from customers $ SAIn its income statement for the year ended December 31, 2020, Angel Company reported revenue of P5,000,000. The accounts receivable at January 1 is P300,000; Uncollectible accounts written off is P20,000; and accounts receivable at December 31 is P200,000. How much revenue will be reported under the cash basis of accounting? *A. P4,900,000B. P4,920,000C. P5,080,000D. P5,100,000E. answer not given
- During 2020, A Company, a service organization, had P200,000 in cash sales and P3,000,000 in credit sales. The accounts receivable balances were P400,000 and P485,000 at December 31, 2019 and 2020, respectively. If A desires to prepare a cash basis income statement, how much should be reported as sales for 2020 on a cash basis?Dhofar Company's income statement for 2020 is given below. If Accounts receivable balances are 14000 in 2020 and 8000 in 2019. Which of the following is cash collections from customers? Sales 50,000 stion -COGS 30,000 Gross Profit 20,000 -Operating Expenses 8,000 Operating Profit -Interest Expense 12,000 2,000 Profit before Tax 10,000 - Tax 3,000 Net Profit 7,000 Select one: O a. 56000 O b. 44000 O c. 54500 O d. 61500 ofNaples Inc. reported sales of $2.16 million for 2022. Accounts receivable decreased $180,000 and accounts payable increased $254,000. Compute cash receipts from customers, assuming that the receivable and payable transactions are related to operations.
- Dhofar Company's income statement for 2020 is given below. If Accounts receivable balances are 7000 in 2020 and 5000 in 2019. Which of the following is cash collections from customers? Sales 50,000 -COGS 30,000 Gross Profit 20,000 -Operating Expenses 8,000 Operating Profit 12,000 -Interest Expense 2,000 Profit before Tax 10,000 -Тах 3,000 Net Profit 7,000Swifty Ltd. had the following 2023 income statement data: Revenues Expenses 1/1/23 Revenues $113,000 In 2023, Swifty had the following activity in selected accounts: 12/31/23 49,200 $63,800 Accounts Receivable 19,100 113,000 34,780 1,320 Write-offs 96,000 Collections Allowance for Expected Credit Losses Write-offs 1.320 Swifty Ltd. Statement of Cash Flows (Indirect Method) 1,300 1.540 1.520 1/1/23 Loss on impairment 12/31/23 Prepare Swifty's cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g. -10,000 or in parenthesis eg. (10,000).Hamilton Company reported an increase of $400,000 in its accounts receivable during the year 2018. The company's statement of cash flows for 2018 reported $1.3 million of cash received from customers. What amount of net sales must Hamilton have recorded in 2018? 8 o11354 Multiple Cholce $900,000 $1700,000 $400.000 $1.300,000