Suppose your firm receives a $4.01 million order on the last day of the year. You...

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Suppose your firm receives a $4.01 million order on the last day of the year. You fill the order with $1.76 million worth of inventory. The customer picks up the entire order the same day and pays $1.23 million up front in cash; you also issue a bill for the customer to pay the remaining balance of $2.78 million within 40 days. Suppose your firm's tax rate is 0% (i.e., ignore taxes). Determine the consequences of this transaction for each of the following: a. Revenues b. Earnings c. Receivables a. Revenues d. Inventory e. Cash Revenues will by $ million. (Select from the drop-down menu and round to two decimal places.) b. Earnings Earnings will by $ million. (Select from the drop-down menu and round to two decimal places.) c. Receivables Receivables will by $ d. Inventory Inventory will million. (Select from the drop-down menu and round to two decimal places.) by $ million. (Select from the drop-down menu and round to two decimal places.) Suppose your firm receives a $4.01 million order on the last day of the year. You fill the order with $1.76 million worth of inventory. The customer picks up the entire order the same day and pays $1.23 million up front in cash; you also issue a bill for the customer to pay the remaining balance of $2.78 million within 40 days. Suppose your firm's tax rate is 0% (i.e., ignore taxes). Determine the consequences of this transaction for each of the following: a. Revenues b. Earnings c. Receivables a. Revenues d. Inventory e. Cash Revenues will by $ million. (Select from the drop-down menu and round to two decimal places.) b. Earnings Earnings will by $ million. (Select from the drop-down menu and round to two decimal places.) c. Receivables Receivables will by $ d. Inventory Inventory will million. (Select from the drop-down menu and round to two decimal places.) by $ million. (Select from the drop-down menu and round to two decimal places.)

Answer rating: 100% (QA)

Answer Lets break down the consequences of this transaction a Revenues The total order amount ... View the full answer