Answer:
A $3066000
Explanation:
The formula for cash received from customers is: opening receivables+net sales-closing receivables.
The rationale behind the formula is that opening receivables would have turned cash by year end since current asset last one year maximum.
=$241500+$3097500-$273000
=$3066000
Basically, competition in a free market system tends to <span>Help approach price equilibrium.
The competition in a free market system is fileld with response battle between supply and demand.(When supply is incresed, demand is decreased and vice versa). This constant pulling will eventually make the price fall to the equilibrium price, where both producer and customer feel the most comfort regarding the price.
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Answer:
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