Question

tim company had sales of $30,000, increase in accounts payable of $5,000, increase in accounts receivable of $4,000, increase in inventories of $4,000, and depreciation expense of $4,000. what was the cash collected from customers?

Answer 1

The cash collected from customers are $31,000.

What is cash?

Cash in the context of economics refers to currency in its tangible forms, such as coins and banknotes. Cash is an asset that can be obtained instantly or nearly immediately in bookkeeping and financial accounting. It consists of currency or its equivalent (as in the case of money market accounts). Cash is viewed as a reserve for payments, as a means of preventing a structural or unforeseen negative cash flow, or as a strategy to keep financial markets from experiencing a downturn. Originally meaning "money box," the English term "cash" later came to also signify "money." By the 18th century, this second meaning had completely replaced the first.

To learn more about cash, visit:

brainly.com/question/27205087

#SPJ4