Your company received a 7 million order on the last day of, Financial Management

+44 141 628 6080
[email protected]

Your company received a 7 million order on the last day of

Your company received a $7 million order on the last day of the year. You filled the order with $3 million worth of inventory. The customer picks up the order the same day and pays $2 million up front in cash; you also issue a bill for the customer to pay the remaining balance of $5 million within 40 days. Suppose your firm’s tax rate is 0% (ignore taxes). Determine the consequences of this transaction for each of the following:

Revenues - (increase/decrease/no effect). value of effect?

Earnings - (increase/decrease/no effect). value of effect?

Receivables - (increase/decrease/no effect). value of effect?

Inventory - (increase/decrease/no effect). value of effect?

Cash - (increase/decrease/no effect). value of effect?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Financial Management: Your company received a 7 million order on the last day of

Reference No:- TGS02243991

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Cases of local communities using modern technology

Question: Cases of local communities using modern technology to preserve and revive their traditions:

Which of the things happened first

Which of the following things happened first? Group of answer choices Women gained the right to vote Seneca Falls Convention Margaret

Compare critical feminist theory and power-control theory

Compose a paper that compares and contrasts critical feminist theory and power-control theory as forms of gendered criminology. Your paper should:

What is meant by indigenismo

Question: What is meant by indigenismo (Keywords in Week 2)? What is las cronicas de castas (Cope)?

How sociological models help understand mental illness

Based on the chapter by Allen Furr on the sociology of mental illness, How do sociological models help you understand mental illness differently

How coastlines are vulnerable to multiple climate change

Even though are coastlines are very vulnerable to multiple climate change impacts, the good news is that because most of our urban settlements

Discussion about idea of the tramp stamp

Jane is doing a study about tattoos. She is interested in studying the idea of the "tramp stamp" (a tattoo in the small of a woman's back).

Request for Solution File

Ask an Expert for Answer!!

Financial Management: Your company received a 7 million order on the last day of

Reference No:- TGS02243991

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Management

Q : Claire gerber wants to buy 900 shares of google which is

Q : Daily enterprises is purchasing a 96 million machine it

Q : Like many college students kristlne applied for a bookmark

Q : Bogus goods corp has additions to retained earnings for the

Q : Your company received a 7 million order on the last day of

Q : Consider a bond issued at the beginning of 2017 it pays a

Q : Mci electronics inc has current assets of 178000 net fixed

Q : Suppose the government announces that based on a just

Q : Acmce inc has an outstanding 5-year bond yields 80 to