Ford Appliance Center Records Revenue on the Installment Sales Method

question 13

Multiple Choice

Ford Appliance Center records revenue on the installment sales method. The following information is available for the first two years of business.
$\begin{array}{lrr}&\text { Year } 1&\text { Year } 2\\\text { Sales } & \$ \overline{200,000} & \$ 2 \overline{50,000} \\\text { Cost of goods sold } & 140,000 & 162,500 \\\text { Cash collections: } & & \\\quad \text { Year 1 sales } & 100,000 & 80,000 \\\quad \text { Year 2 sales } & & 130,000\end{array}$
-How much realized gross profit on installment sales will Ford recognize in Year 1?

• A)$20,000
• B)$30,000
• C)$60,000
• D)$100,000

Understand the role and effects of tariffs and trade restrictions in global markets.

Analyze how technology enhances customer experiences in global markets.

Recognize the influence of currency fluctuations on consumer purchasing power and marketing strategies.

Identify the global economic factors affecting marketing strategies and operations.

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