How much cash did hark receive from its customers
Hark Inc. had cash sales of $400,000 and credit sales of $1,100,000. The accounts receivable balance increased $25,000 during the year. How much cash did Hark receive from its customers during the year?
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Foxx company cost structure is dominated by variable costs with a contribution margin ratio of 0.25 and fixed cost of $100,000. every dollar of sales contributes 25 cents toward fixed costs and profit.
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