Please answer the following question:
Question1: If sales on an accrual basis are $450,000 and accounts receivable decrease by $45,000, the cash received from customers would be.
Cannot be determined
- $450,000
- $495,000
- $405,000
Question 2: Operating activities are most closely related to
- Current assets and current liabilities
- Dividends and treasury stock.
- Long-term assets
- Long-term liabilities and stockholders' equity.
Question 3: Tony Enterprises had accounts receivable of $30,000 at the beginning of the year and $81,000 at year-end. Sales revenue for the year totaled $174,000. How much cash did the business collect from customers?
- $79,500
- $123,000
- $174,000
- $93,000
Question 4: The purposes of cash flow statement are to
- Determine ability to pay liabilities and dividends
- Evaluate management decisions.
- Predict future cash flows.
- All of the above
Note: Explain in detail.