Business, 20.02.2020 04:47 djennings8055

A firm's fiscal year has just ended when it made a sale in the amount of $120,000 of merchandise inventory that it purchased during the year at a total cost of $110,500. Although the firm paid in full for the merchandise during the year, it has yet to collect at year-end from the customer. The net cash flow and net profit from this sale for the year are . A. $37,500 and minus$112,500, respectively B. minus$110,500 and $9,500, respectively C. $150,000 and $110,500, respectively D. $0 and $150,000, respectively

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 12:50, tayjohn9774

Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options

Answers: 3

continue

Business, 22.06.2019 20:30, capybaracaptin2895

Considered alone, which of the following would increase a company's current ratio? a. an increase in net fixed assets. b. an increase in accrued liabilities. c. an increase in notes payable. d. an increase in accounts receivable. e. an increase in accounts payable.

Answers: 3

continue

Business, 23.06.2019 00:00, zhellyyyyy

The gorman group is a financial planning services firm owned and operated by nicole gorman. as of october 31, 2016, the end of the fiscal year, the accountant for the gorman group prepared an end-of-period spreadsheet, part of which follows:

Answers: 2

continue

Business, 23.06.2019 00:10, pino2771

You are to receive five gold coins from your great uncle as an incentive to study hard. the coins were originally purchased in 1982. your great uncle will deliver the coins the week after finals (assuming your grades are "acceptable"). the amount your great uncle paid for the coins is a(n): indirect cost. overhead cost. opportunity cost. sunk cost.

Answers: 1

continue

You know the right answer?

A firm's fiscal year has just ended when it made a sale in the amount of $120,000 of merchandise inv...