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| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 3 Days Ago |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
3.7Â Â COMPUTING CASH COLLECTIONS FROM CUSTOMERS. Caterpillar manufactures heavy machinery and equipment and provides financing for purchases by its customers. Caterpillar reported sales and interest revenues of $51,324 million for 2008. The balance sheet showed current and noncurrent receivables of $15,752 million at the begin- ning of 2008 and $18,448 million at the end of 2008. Compute the amount of cash collected from customers during 2008.
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3.8   COMPUTING CASH PAYMENTS TO SUPPLIERS. Lowe’s Companies, a retailer of home improvement products, reported cost of goods sold of $31,729 million for the fiscal year ended January 30, 2009. It reported merchandise inventories of $7,611 mil- lion at the beginning of fiscal 2009 and $8,209 million at the end of fiscal 2009. It reported accounts payable to suppliers of $3,713 million at the beginning of fiscal 2009 and $4,109 million at the end of fiscal 2009. Compute the amount of cash paid to merchandise suppli- ers during fiscal 2009.
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