Vinton Corp

question 17

Essay

Vinton Corp.had beginning accounts receivable of $36,000 and ending accounts receivable of $32,000.If total sales were $110,000,what amount of cash was collected from customers,and how would it be classified on the statement of cash flows?

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Definitions:

Operating Profit

This is the profit earned from a firm's core business operations, excluding deductions of interest and taxes.

Segment C

Segment C generally refers to a specific division, category, or portion of a business or market that has been identified for analysis, reporting, or targeting purposes.

Reportable Operating Segments

Distinct parts of a business that are analyzed separately by the management, for the purpose of making decisions and assessing performance.