Discount Computers' Accounts Receivable Increases During the Year by $3

question 77

Essay

Discount Computers' accounts receivable increases during the year by $3 million.What is the amount of cash received from customers during the reporting period if its sales are $47 million?

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Definitions:

Network Externality

The increase in the value of a good or service to an individual is greater when a large number of others own or use the same good or service.

Positive Externality

A beneficial effect experienced by a third party due to an economic activity, without compensation.

Socially Optimal

Refers to a state or condition in which resources are allocated in the most efficient manner from the perspective of society as a whole, maximizing overall well-being.

Market Quantity

Refers to the total amount of a particular good or service that is available for purchase in a market at a specific point in time.