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Cadion Co.owned a controlling interest in Knieval Inc.Cadion reported sales of $420,000 during 2018 while Knieval reported $280,000.Inventory costing $28,000 was transferred from Knieval to Cadion (upstream) during the year for $56,000.Of this amount, twenty-five percent was still in ending inventory at year's end.Total receivables on the consolidated balance sheet were $112,000 at the first of the year and $154,000 at year-end.No intra-entity debt existed at the beginning or ending of the year.Using the direct approach, what is the consolidated amount of cash collected by the business from its customers?
Sale Prices
The actual prices at which goods or services are sold to customers, often after discounts are applied.
Prestige Pricing
A pricing strategy where prices are set higher than average to present a perception of exclusivity and high quality.
Impeccable Service
Exceptional and flawless service delivery that exceeds customer expectations and ensures total satisfaction.
Push Strategy
A marketing approach that involves taking the product directly to the customer via whatever means to ensure the customer is aware of your brand at the point of purchase.
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