Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. fleetwood corporation made sales of $750 million d

Fleetwood Corporation made sales of $750 million during 2021. Of this amount, Fleetwood collected cash...

60.1K

Verified Solution

Question

Accounting

Fleetwood Corporation made sales of $750 million during 2021. Of this amount, Fleetwood collected cash for $670 million. The company's cost of goods sold was $310 million, and all other expenses for the year totaled $225 million. Also during 2021, Fleetwood paid $430 million for its inventory and $285 million for everything else. Beginning cash was $100 million. a. How much was Fleetwood's net income for 2021? b. How much was Fleetwood's cash balance at the end of 2021? a. How much was Fleetwood's net income for 2021? Net income for 2021 in millions =
image
Fleotwood Corporation made sales of $750 million during 2021. Of this amount, Fleetwood collected cash for $670 million. The company's cost of goods sold was $310 milition, and all other a. How much was Fleetwood's net income for 2021 ? b. How much was Fleetwood's cash balance at the end of 2021 ? a. How much was Fleetwoods net inoome for 2021 ? Net income for 2021 in milione

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Explain what takes place during the Chloride Shift at the pulmonary capillaries of the lungs and...

Medical Sciences
Q

Using Baynesian estimation. 1. Let X is Poi(?). Let ? be ?(?, ?). Show that the...

Basic Math
Q

How thick is a typical section of tissue that is cut to be placed on...

Biology
Q

Example 2 The figure shows a cross sectional view of a masonry dam whose length...

Physics
Q

Find the centroid of the region bounded by y x 338 and x 338 assuming...

Calculus
Q

Evaluate the definite integral S 12C1nxj5 X dx

Calculus
Q

Write the polynomial function in factored form with real and rational coefficients with the given...

Algebra
Q

The Stanton Processing Company had work in process at the beginning and end of March...

Accounting
Q

Create a balance sheet and cash flow statement.

Accounting
Q

Carriveau Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance...

Accounting
Q

this is partial correct give me the full answer You are a tax specialist...

Finance
Q

You just settled an insurance claim. The settlement calls for increasing payments over a 5-year...

Finance