Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 12 - Statement of Cash Flows - Brief Exercises: BE12-13

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
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