suppose columbia sportswear company had accounts receivable of $332,539,350 at january 1, 2025, and $251,468,280 at december 31, 2025. assume sales revenue was $1,380,865,530 for the year 2025. what is the amount of cash receipts from customers in 2025?

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21-11-2022
Business

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suppose columbia sportswear company had accounts receivable of $332,539,350 at january 1, 2025, and $251,468,280 at december 31, 2025. assume sales revenue was $1,380,865,530 for the year 2025. what is the amount of cash receipts from customers in 2025?

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Tundexi Tundexi · Answer 1 · 2022-11-23T18:22:22+01:00

The amount of cash receipts from customers in 2025 equals to $1,461,936,600.

What is a cash receipts?

In accounting, a cash receipt refers to an entry that documents the collection of cash from a customer. Most cash receipts typically increase (debits) the company’s cash balance on its balance sheet and simultaneously, they decrease (credits) either accounts receivable or another asset account.

Given that:

Accounts receivable = $332,539,350 on January 1, 2025

Accounts receivable = $251,468,280 on December 31, 2025

Sales revenue = $1,380,865,530 for the year 2025

In 2017, the amount of cash receipts from customers in 2017 is computed as follows:

= Beginning sales + Sales revenue - Ending balance

= $332,539,350 + $1,380,865,530 - $251,468,280

= $1,461,936,600