Boulevard,Inc

question 112

Multiple Choice

Boulevard,Inc.uses the direct method to prepare its statement of cash flows.Use the following information reported for 2019: Sales Revenue,$43,000
Interest Revenue,$600
Accounts Receivable,beginning balance,$13,400
Accounts Receivable,ending balance,$26,000
There were no amounts reported for Interest Receivable.
Compute the total cash receipts.

• A) $26,000
• B) $56,400
• C) $31,000
• D) $13,400

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Definitions:

EBIT

stands for Earnings Before Interest and Taxes, a measure of a company's profitability that excludes interest and income tax expenses.

Financial Leverage

The use of borrowed capital or debt to increase the potential return of an investment, amplifying both gains and losses.

Capital Structures

The mixture of debt and equity financing a company uses to fund its operations and growth.

Industry Groups

Categories of related businesses that produce or sell similar products or services and share similar market characteristics.