Suppose columbia sportswear company had accounts receivable of $206,090,000 at the beginning of a recent year, and $267,085,000 at year-end. sales revenue was $1,093,860,000 for the year. what is the amount of cash receipts from customers?

The amount of cash receipts from customers: $1,032,865,000

Explanation:

Assuming that all Sales revenue was on credit sales.

In Suppose Columbia Sportswear, Sales revenue was $1,093,860,000, accounts receivable in the year increased $1,093,860,000. Basing on formula:

Accounts receivable at year-end = Accounts receivable at the beginning of the year + Accounts receivable increasing in the year - Accounts receivable decreasing in the year

Thefore:

Accounts receivable decreasing in the year = Accounts receivable at the beginning of the year + Accounts receivable increasing in the year - Accounts receivable at year-end = $206,090,000 + $1,093,860,000 - $267,085,000 = $1,032,865,000

This is also the amount of cash receipts from customers.

apex verified answer < 3

: : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : d. choose to : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :

i really hope this < 3 < 3 < 3

answer; /// radio frequency identification;