Question
Please answer/solve the below problem ASAPd. Thx Suppose your firm receives $4.2 million order on the last day of the year. You fill the order
Please answer/solve the below problem ASAPd. Thx
Suppose your firm receives $4.2 million order on the last day of the year. You fill the order with $2.6 million worth of inventory. The customer picks up the entire order the same day and pays $1.1 million upfront in cash; you also issue a bill for the customer to pay the remaining balance of $3.1 million in 30 days. Suppose your firm's tax rate is 0.0% (i.e., ignore taxes). Determine the consequences of this transaction for each of the following:
a. Revenues
b. Earnings
c. Receivables
d. Inventory
e. Cash
a. Revenues
Revenues change by $ million.(Round to one decimal place. Use a negative sign for a decrease in value.)
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