A Firm Has Just Ended Its Calendar Year Making a Sale

question 59

Multiple Choice

A firm has just ended its 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 from this sale for the year are

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

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Definitions:

Trait Theorists

Psychologists who study and theorize about personality based on the identification and classification of consistent characteristic behaviors and patterns.

Depressive Symptoms

Manifestations of depression, including persistent sadness, hopelessness, fatigue, and loss of interest in previously enjoyed activities.

Genetic Susceptibility

The predisposition of certain individuals to develop diseases or disorders based on their genetic makeup.