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Ford Motor Company has just ended the calendar year, making a sale in the amount of $55,000,000. The company collected 30% of the sale amount
Ford Motor Company has just ended the calendar year, making a sale in the amount of $55,000,000. The company collected 30% of the sale amount in cash during the year. Ford's costs totaled $12,000,000; the company paid 40% of the cost in cash during the year. The net profit and cash flow from this sale for the year are:
a. $16,500,000 and $43,000,000, respectively
b. $43,000,0000 and $43,000,000, respectively
c. $43,000,000 and $11,700,000, respectively
d. $11,700,000 and $43,000,000, respectively
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