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On June 15, Central Computers, Inc. sold twenty-five computers, on account, to a company located in Argentina for 3,000,000 pesos. On that date the peso is worth $0.079. On July 15, when the peso was worth $0.070, payment was received. The journal entry to record the July 15 collection on account would include a:
Profit-maximizing
The method of modifying manufacturing and selling tactics to obtain the maximum profit achievable.
Marginal Revenue
The extra revenue earned by selling an additional unit of a product or service.
Marginal Cost
Refers to the increase in total production cost that comes from making or producing one additional unit.
Increased By
A mathematical operation indicating that a certain value should be added to another value, resulting in a larger amount.
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