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2 PART QUESTION FOR EACH 2 PART QUESTION TELL ME INCREASE OR DECREASE AND BY HOW MUCH, FOR A, B, C, D, & E Suppose
2 PART QUESTION FOR EACH
2 PART QUESTION TELL ME INCREASE OR DECREASE AND BY HOW MUCH, FOR A, B, C, D, & E
Suppose your firm receives a $4.63 million order on the last day of the year. You fill the order with $1.89 million worth of inventory. The customer picks up the entire order the same day and pays $1.02 million up front in cash; you also issue a bill for the customer to pay the remaining balance of $3.61 million within 40 days. Suppose your firm's tax rate is 0% (i.e., ignore taxes). Determine the consequences of this transaction for each of the following: a. Revenues d. Inventory b. Earnings e. Cash c. Receivables a. Revenues Revenues will by $_million. (Select from the drop-down menu and round to two decimal places.) b. Earnings Earnings will by s million. (Select from the drop-down menu and round to two decimal places.) c. Receivables Receivables will by $ million. (Select from the drop-down menu and round to two decimal places.) d. Inventory Inventory will by s million. (Select from the drop-down menu and round to two decimal places.) e. Cash Enter your answer in each of the answer boxes. Inventory will by S million. (Select from the drop-down menu and round to two decimal places.) e. Cash Cash will by million. (Select from the drop-down menu and round to two decimal places.)Step by Step Solution
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