You receive an order from a customer just before the fiscal year ends (late December). The sale is for

$50,000

and you will fulfill it from your inventories (that will reduce by

$25,000

). The customer pays

$20,000

in cash and the rest with a post-dated check to the end of next month (i.e., due in the next year). Assume that the company has zero interest-bearing debt and a zero tax rate.\ What will be the change in net income (Income Statement)?\ What will be the change in cash (Cash Flow Statement)?\ What will be the change in assets (Balance Sheet)?

You receive an order from a customer just before the fiscal year ends (late December). The sale is for $50,000 and you will fulfill it from your inventories (that will reduce by $25,000 ). The customer pays $20,000 in cash and the rest with a post-dated check to the end of next month (i.e., due in the next year). Assume that the company has zero interest-bearing debt and a zero tax rate. 1. What will be the change in net income (Income Statement)? 2. What will be the change in cash (Cash Flow Statement)? 3. What will be the change in assets (Balance Sheet)? You receive an order from a customer just before the fiscal year ends (late December). The sale is for $50,000 and you will fulfill it from your inventories (that will reduce by $25,000 ). The customer pays $20,000 in cash and the rest with a post-dated check to the end of next month (i.e., due in the next year). Assume that the company has zero interest-bearing debt and a zero tax rate. 1. What will be the change in net income (Income Statement)? 2. What will be the change in cash (Cash Flow Statement)? 3. What will be the change in assets (Balance Sheet)