The following information is taken from PT Wealthy Day's financial statements for 2015: Sales: Rp 500,000,000 Cost Of Sales: Rp 300,000,000 The comparative statements of financial position for certain accounts show the following balances: 31 December 2015 31 December 2014 Account Receivable 30.000.000 43.000.000 Merchandise Inventory 50.000.000 42.000.000 Account Payable 56.000.000 59.400.000 Using the direct method, calculate the amount of cash received from customers in 2015: a. Rp 487.000.000 b. Rp 513.000.000 c. Rp 470.000.000 d. Rp 543.000.000
The following information is taken from PT Wealthy Day's financial statements for 2015: Sales: Rp 500,000,000 Cost Of Sales: Rp 300,000,000 The comparative statements of financial position for certain accounts show the following balances: 31 December 2015 31 December 2014 Account Receivable 30.000.000 43.000.000 Merchandise Inventory 50.000.000 42.000.000 Account Payable 56.000.000 59.400.000 Using the direct method, calculate the amount of cash received from customers in 2015: a. Rp 487.000.000 b. Rp 513.000.000 c. Rp 470.000.000 d. Rp 543.000.000
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...
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The following information is taken from PT Wealthy Day's financial statements for 2015:
Sales: Rp 500,000,000
Cost Of Sales: Rp 300,000,000
The comparative
31 December 2015 | 31 December 2014 | |
Account Receivable | 30.000.000 | 43.000.000 |
Merchandise Inventory | 50.000.000 | 42.000.000 |
Account Payable | 56.000.000 | 59.400.000 |
Using the direct method, calculate the amount of cash received from customers in 2015:
a. Rp 487.000.000
b. Rp 513.000.000
c. Rp 470.000.000
d. Rp 543.000.000
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