During 2022 Windsor, Inc. had sales on account of $734000, cash sales of $312000, and collections on account of $516000. In addition, they collected $9900 which had been written off as uncollectible in 2021. As a result of these transactions the change in the accounts receivable indicates a
a. $533000 increase.
b. $218000 increase.
c. $530000 increase.
d. $208100 increase.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “During 2022 Windsor, Inc. had sales on account of $734000, cash sales of $312000, and collections on account of $516000. In addition, they ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In your opinion, is there a way to you can maintain airport security without sacrificing efficiency?
Answers (1)
Jaxson Corporation has the following data related to direct labor costs for September: actual costs are 10,200 hours at $15.75 per hour and standard costs are 10,800 hours at $15.50 per hour. What is the direct labor time variance? a.
Answers (1)
Trevor wants to make sure that his company introduces new products into foreign markets that will be readily accepted because they are similar to ones 5 already on the market and honor existing cultural norms.
Answers (1)
Elasticity and Demand for Food A. Consider the information on real-world price elasticities for ten countries. Why do you think the price elasticity of demand for food is higher in Tanzania than in the U. S.
Answers (1)
A mortgage where the interest rate fluctuates and is usually tied to an index; payment amount increases are capped for each period and for the term of the loan is called a Reverse Annuity Mortgage (RAM). a wraparound mortgage.
Answers (1)
New Questions in Business
Non-trade receivables should be reported separately from trade receivables. Why is this statement either true or false? A) It is true because trade receivables are current assets and non-trade receivables are long term.
Answers (1)
In general, a visionary organization asks what three types of questions to specify its foundation, set a direction, and formulate strategies? why, when, where what, by whom, how why, what, how how, when, where who, why, when
Answers (1)
The United States wanted overseas territories because the territories had A) access to ports. B) customers who would buy U. S. products. C) connections with European nations. D) access to raw materials.
Answers (1)
On January 1, Puckett Company paid $1.71 million for 57,000 shares of Harrison's voting common stock, which represents a 40 percent investment. No allocation to goodwill or other specific account was made.
Answers (1)
I'm always cramming to hand in an assignment or take an exam.
Answers (2)