Answer
Calculation of amount of cash receipts from customers service in 2006:
Cash receipts from customer in 2006
Accounts receivables as on January 1,2006 - 284,029,000 dollars
Sales revenues for the year 2006 - 1,287,672,000 dollars
Total collectible for the year - 1,571,701,000 dollars
Less: Accounts receivables as on December 31, 2006 - (285,942,000 dollars)
Cash receipts from customer in 2006 - 2,857,460,000 dollars
Work Step by Step
The table indicates about the calculation of cash receipts from customer service in 2006
