Question: Please answer both questions, thank you! Problem One Products Shipped and Billed: $500,000 Collections and net return credits: $325,000 Cost of Goods Sold: 350 ooo
Problem One Products Shipped and Billed: $500,000 Collections and net return credits: $325,000 Cost of Goods Sold: 350 ooo Accounting View Accrual basis Sales Revenue: Less Costs: Net Profit: Financial view Cash Basis Cash Flow: Less Cash outflow: Net Cash Flow: Problem Two Products Shipped and Billed: Collections and net return credits: Cost of Goods Sold: Accounting View Accrual basis $750,000 $500,000 300 ooo Sales Revenue: Less Costs: Net Profit: Cash Flow: Less Cash outflow: Net Cash Flow: Financial view Cash Basis
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