Posted On: 11/20/2013 2:50:59 PM
Post# of 36729
$314,292 CASH COLLECTED from AR AND REPORTED for Q3 - PLEASE STICKY!!!!
Let's take a closer look at the financials, which are PROPERLY recorded, and see if we can figure out AR Collected Cash - which is not a normal "line" on the Cash Flow sheet.
First, let's see if the numbers add up:
$12,706,300 ( bad debt ) +
$22,569,699 (increase in AR Contracts)
_______________________________
$35,276,000 (rounded up one dollar)
Everything checks out....
So how do you find the CASH COLLECTED on the receivables on a traditional cash flow statement? You have to compare the AR Quarter to Quarter (if no new contracts have been made) or compare the AR (current) to the AR (reported).
Take the revenues reported for Q3:
$17,527,592 - (reported)
$17,213,300 (listed as current)
__________________________________
$314,292 CASH COLLECTED!!!!!!
Let's take a closer look at the financials, which are PROPERLY recorded, and see if we can figure out AR Collected Cash - which is not a normal "line" on the Cash Flow sheet.
First, let's see if the numbers add up:
$12,706,300 ( bad debt ) +
$22,569,699 (increase in AR Contracts)
_______________________________
$35,276,000 (rounded up one dollar)
Everything checks out....
So how do you find the CASH COLLECTED on the receivables on a traditional cash flow statement? You have to compare the AR Quarter to Quarter (if no new contracts have been made) or compare the AR (current) to the AR (reported).
Take the revenues reported for Q3:
$17,527,592 - (reported)
$17,213,300 (listed as current)
__________________________________
$314,292 CASH COLLECTED!!!!!!
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