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Suppose your firm recoives a $4.04 milion order on the last day of the year. You fit the order with $1.99 milition worth of itventory
Suppose your firm recoives a $4.04 milion order on the last day of the year. You fit the order with $1.99 milition worth of itventory The customer picks up the entre order the same day and pays $1.15 milsonup front in cash you also issue a bis for the customer to pay the remaining balance of $2.89 milion within 40 days Suppose your firmis tax rale is 0% (Le lignore taxes). Deternine the consequences of this transaction for each of the folowing a. Revenues d. Inventory b. Eamings e. Cash c. Recelvables a. Revemies Revenues will by 1 million (5elect from the diop-doon menu and round lo two decimal places)
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