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Suppose your firm recelves a $4.37 milion order on the last day of the year. You fill the order with $1.79 millon worth of inventory.
Suppose your firm recelves a $4.37 milion order on the last day of the year. You fill the order with $1.79 millon worth of inventory. The customer picks up the entire order the same day and pays $1.06 militon up front in cash, you also issue a bilf for the customer to pay the remaining batance of $3.31 million within 40 days. Suppose your firm's tax rate is 0% (Le. ignore taxes). Determine the consequences of this transaction for each of the following a. Revenues d. Inventory b. Eamings e. Cash c. Recelvables a. Revenues Revenues will by 5 millon (select from the drop-down menu and round to two decinal places)
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