Ask Experts Questions for FREE Help !
Ask
    Pattib77's Avatar
    Pattib77 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 10, 2012, 09:16 AM
    Cash receipts versus revenues
    During the month of April, Simpson Co had cash receipts from customers of $170,000. Expenses totaled $156,000, and accrual basis net income was $42,000. There were no gains or losses during the month.

    Question 1: Calculate the revenues for Simpson Co. For April.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Feb 10, 2012, 05:41 PM
    Just add your expenses to net income to get your revenues because
    Reveneus - Expenses = Net Income
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Cash Budget/Cash Receipts [ 1 Answers ]

1) Rushmore Kitchen Supply has forecast credit sales for the fourth quarter of the year as: March(actual) $75,000 Fourth Quarter - projected April $80,000 May $70,000 June $75,000 Experience has shown that 30 percent of sales are collected in the month of sale, 60 percent in the following...

On June 1 the cash balance was $162,000. During the month, cash receipts totaled $80, [ 1 Answers ]

On June 1 the cash balance was $162,000. During the month, cash receipts totaled $80,000 and the June 30 cash balance was $148,000. What is the total cash payments of June?

Schedule of cash receipts [ 1 Answers ]

Forecast of credit sales for the fourth quarter of the year as: The forcasted credit sales for the fourth quarter are, September (actual) 80,000 October 70,000 November 65,000 December 70,000

Cash receipts [ 1 Answers ]

How do you prepare a scedules of cash receipts

View more questions Search