A firm just made a $1,000,000.00 sale to a retail chain. Thefirm will be 50.00% in cash today, and then pay the remainder in 30days (a receivable for the firm). The firm fills the sale with$400,000.00 in inventory. Consider how an accountant will handlethis transaction.
A.) Revenues will be adjusted by ___________________
B.) Accounts receivable will be adjusted by ______________
C.) Cash will be adjusted by ________________
D.) Inventory will be adjusted by _________________
E.) If COGS is 40% of sales, COGS will be adjusted by_________________
