If sales revenue is $80 million and accounts receivable increased by $12 million, the amount of cash received from customers:

Question

Johan Dickson

Business

25 April, 07:58

If sales revenue is $80 million and accounts receivable increased by $12 million, the amount of cash received from customers:

+1

Answers (1)

Know the Answer?

Cold Front · Answer 1

If sales revenue is $80 million and accounts receivable increased by $12 million, the amount of cash received from customers is $68 million.

Sales revenue = $80 million

Accounts receivable increased by $12 million - accounts receivable is money that is owned to a business in a form of debt.

Take the sales revenue and subtract the accounts receivable from it, so the amount that was paid to the company by the customers is $68 million.