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A firm just made a $1,000,000.00 sale to a retail chain. The retail chain will pay 50.00% in cash today, and then pay th remainder

A firm just made a

$1,000,000.00

sale to a retail chain. The retail chain will pay

50.00%

in cash today, and then pay th remainder in 30 days (a receivable for the firm). The firm fills the sale with

$400,000.00

in inventory. Consider how an accountant will handle this transaction.\ Revenues will be adjusted by\ Answer format: Currency: Round to: 2 decimal places.

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