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Suppose your firm receives a $3.3 million order on the last day of the year....

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Accounting

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Suppose your firm receives a $3.3 million order on the last day of the year. You fill the order with $0.9 million worth of inventory. The customer picks up the entire order the same day and pays $1.2 million upfront in cash; you also issue a bill for the customer to pay the remaining balance of $2.1 million in 30 days. Suppose your firm's tax rate is 0.0% (i.e. ignore taxes). Determine the consequences of this transaction for each of the following a. Revenues b. Earnings c. Receivables d. Inventory e. Cash a. Revenues Revenues change by $ million. (Round to one decimal place. Use a negative sign for a decrease in value.)

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