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Accounts Receivable was $750 at the end of November and $525 at the end of December. Revenue totaled $4,200 for December. How much cash was received from revenues during December?
Total Fixed Cost
The total fixed cost refers to the sum of all costs that do not change with the level of output produced by a company or during a specific period.
Maximum Profit
The highest possible financial gain a firm can achieve when the difference between total revenue and total cost is at its greatest.
Economic Profit
The split between a firm's entire proceeds and its total disbursements, embracing both acknowledged and veiled costs.
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