Business

11 May, 09:03

Bracken, Inc. uses the direct method to determine its cash flow from operations. During the year, it had sales revenue of $480,000. Its beginning Accounts Receivable balance was $48,000, and its ending Accounts Receivable balance was $64,000. Its cash collected from customers for the year was:Multiple Choice

a. $480,000.

b. $464,000.

c. $496,000.

d. $592,000.

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Bracken, Inc. uses the direct method to determine its cash flow from operations. During the year, it had sales revenue of $480,000. Its ...” 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

Botanic Choice sells natural supplements to customers with an unconditional sales return if they are not satisfied. The sales returns period extends 60 days. On February 10, 2018, a customer purchases $4,000 of products (cost $2,000).

Because the auditors of XYX Company accepted a client firm's questionable financial statements when the infractions have occurred over time, James believes that they are· setting ill-conceived goals.· exhibiting motivated blindness.

Colin listed his assets and liabilities on a personal balance sheet. Colin's Balance Sheet (August 2013) Assets Liabilities cash $1,500 credit card $500 stocks $800 rent $800 car $5,000 car loan $1,200 coin collection $1,200 student loan $5,000

My health care insurance company puts small co-payment fees on drugs that many people use and much higher fees for experimental drugs that only rarely are needed by individuals on our health care insurance plan.

Below are three independent and unrelated errors. On December 31, 2017, Wolfe-Bache Corporation failed to accrue office supplies expense of $1,400.

New Questions in Business

The Frank Company has issued 10%, fully participating, cumulative preferred stock with a total par value of $300,000 and common stock with a total par value of $900,000. Dividends for one previous year are in arrears.

How did Blue Bell's response to their contamination at it's plants in packed the triple bottom line

A company's trial balance included the following account balances: Accounts Payable $ 19,207 Accounts Receivable 81,336 Cash 73,324 Income Tax Payable 3,512 Inventory 25,816 Note Payable, due in two years 1,709 Equipment 54,128 Stockholders' Equity

Claire created an ad for a company with a target audience of customers under the age of 16 for her advertisement.

When a buyer agrees to buy and the seller agrees to sell, they both sign a contract called a (n) ___. a. intent to purchase agreement c. sales agreement b. purchase agreement d. both b and c