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.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get 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 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
A. is a mathematical formula that is used to calculate the number of years it takes real gdp per capita or any other variable to increase by two hundred percent. b.
Answers (1)
At the beginning of the year, manufacturing overhead for the year was estimated to be $1,052,700. At the end of the year, actual direct labor-hours for the year were 36,400 hours, the actual manufacturing overhead for the year was $990,000, and
Answers (1)
LO 1.4How can having a bonus system based purely on sales goals create an environment that encourages unethical behavior?
Answers (1)
Randy is completing high school and is interested in becoming a broadcast analyst. Which level of education do most people in this field obtain
Answers (2)
What is the term for selling related products?
Answers (1)
New Questions in Business
The manager of a national retailing outlet recently hired an economist to estimate the firm's production function.
Answers (1)
There are a number goods that over time, for a variety of reasons, transition from being a normal good to an inferior good or from being an inferior good to a normal good. One such example of a good is the Toyota Camry.
Answers (1)
Three members of the DiCarlo family, Vinny, Maria, and Franki, are choosing the entree for a large family reunion. Their options are: spaghetti, ravioli, lasagne, and pizza.
Answers (1)
How much of gordon's social security is taxable? a. $0 b. $16,000 c. $13,600 d. $6,646?
Answers (1)
Buffalo Corporation purchased warehouse shelving for $96,000, terms 1/10, n/30. At the purchase date, Buffalo intended to take the discount. Therefore, it made no entry until it paid for the acquisition. The entry was:
Answers (1)