Alex Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2018, Alex Company reports the following activity: Sales on account $2,100,000 Cash sales 1,110,000 Decrease in accounts receivable 915,000 Increase in accounts payable 108,000 Increase in inventory 72,000 Cost of good sold 1,575,000 What is the amount of cash collections from customers reported by Alex Company for the year ended December 31, 2018
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Alex Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2018, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
How is scarcity related to competition? Competition is an effect of scarcity. Scarcity is an effect of competition. Both scarcity and competition are effects of a rationing device. Both scarcity and competition are effects of opportunity cost.
Answers (1)
The board of directors of Capstone Inc. declared a $0.40 per share cash dividend on its $3 par common stock. On the date of declaration, there were 47,000 shares authorized, 24,000 shares issued, and 5,000 shares held as treasury stock.
No Answers
Which factor is a component of verbal communication?
Answers (2)
Zack buys 40 shares of ebay at the close price of $20.95. his broker charges him 4% of each share as a transaction fee. how much did zack spend in total to buy this stock? a. $838.00 b. $856.28 c. $871.52 d. $891.46
Answers (1)
What is the first step you should take when you want to open a savings account? A. Present your photo ID to the bank representitive B. Review the different savings account options that your bank offers C. Go to the bank and fill out an application D.
Answers (1)
New Questions in Business
What is mean't by a focus group
Answers (2)
Manufacturers follow four steps to implement a manufacturing overhead allocation system. what is the first step?
Answers (1)
The budgeted production of Capricorn, Inc. is 13 comma 000 units per month. Each unit requires 40 minutes of direct labor to complete. The direct labor rate is $ 100.00 per hour. Calculate the budgeted cost of direct labor for the month.
Answers (1)
If the price level doubled in a 23-year period, we can conclude that the average annual rate of inflation over that period was about 3 percent. a) true b) false
Answers (1)
Journalize the entries to record the following selected transactions: Sold $62,800 of merchandise on account, subject to a sales tax of 5%. The cost of the merchandise sold was $37,500.
Answers (1)