Having the Contessa company have collected $42,000 in cash on its account receivable, the assets, liabilities, and equity will remain unchanged. In relation to this, unpaid invoices, and waiting for customers to pay their bills are also considered as accounts receivable.
Cultural relativism is the concept that similar actions in different parts of the world have different meanings because the cultural interpretation of that action.
Answer: She will give up on the T-shirt and use the money to buy better jeans.
She will buy the T-shirt for $8 and not order juice at lunch.
Explanation:
A trade-off refers to the compromise which is made when an individual decides to take one action and give up on the other.
When Mila buy's the T-shirt for $8 and does not order juice at lunch, she is making a trade-off between buying a t-shirt and ordering a juice at lunch.
Similarly, when Mila decides to give-up on the T-shirt and decides to buy a better jeans she is making a trade-off between
Total rev = 3000x400 = 1.2 million - (3000 x 280) 840,000 - 160,000 = 200,000 in net income.
