Marke Inc. had cash sales of $400000 and credit sales of $1150000. The accounts receivable balance increased $30000 during the year. How much cash did Marke receive from its customers during the year?

Question

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Marke Inc. had cash sales of $400,000 and credit sales of $1,150,000. The accounts receivable balance increased $30,000 during the year. So, the total cash received from customers during the year is $400,000 + $1,150,000 - $30,000 = $1,520,000.

Marke Inc Had Cash Sales of $400000 and Credit Sales of of $1150000