Please answer the following question:

Question1: If sales on an accrual basis are $450,000 and accounts receivable decrease by $45,000, the cash received from customers would be.

Cannot be determined

• $450,000
• $495,000
• $405,000

Question 2: Operating activities are most closely related to

• Current assets and current liabilities
• Dividends and treasury stock.
• Long-term assets
• Long-term liabilities and stockholders' equity.

Question 3: Tony Enterprises had accounts receivable of $30,000 at the beginning of the year and $81,000 at year-end. Sales revenue for the year totaled $174,000. How much cash did the business collect from customers?

• $79,500
• $123,000
• $174,000
• $93,000

Question 4: The purposes of cash flow statement are to

• Determine ability to pay liabilities and dividends
• Evaluate management decisions.
• Predict future cash flows.
• All of the above

Note: Explain in detail.