A Firm Has Just Ended the Calendar Year Making a Sale

question 78

Multiple Choice

A firm has just ended the calendar year making a sale in the amount of $150,000 of merchandisepurchased during the year at a total cost of $112,500. Although the firm paid in full for themerchandise during the year, it has yet to collect at year end from the customer. The net profit and cash flow for the year are

• A) $0 and $150,000 respectively.
• B) $150,000 and $112,500 respectively.
• C) $37,500 and -$150,000 respectively.
• D) $37,500 and -$112,500 respectively.

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Definitions:

Aspirin

A medication used to reduce pain, fever, inflammation, and, in low doses, to prevent blood clots.

Impaired Urinary Elimination

A disruption in the pattern of urination, characterized by an inability to empty the bladder completely or maintain control over urination.

Renal Calculi

Medical term for kidney stones, hard deposits of minerals and salts that form inside the kidneys and can cause pain and urinary issues.

Urinary Tract Infection

An infection in any part of the urinary system, commonly caused by bacteria, and characterized by symptoms like pain during urination.