Answer:
$ 544,000
Explanation:
Accounts receivables
57,000 Beginning Balance
560,000 Credit Sales
<u>-544,000</u> Cash Collected ----> ANSWER
73,000 Ending Balance
<em><u>
Formula:</u></em><em>
</em>
<u>Cash collected</u> =<em> </em>Ending Balance - Beginning Balance - Credit Sales<em> </em><em>
</em>
Forging is the process of applying thermal and mechanical energy to steel billets or ingots to result into a changed shape of the material while in a solid state. The raw material is solid metal in this case.
Answer:
(- 5 units)
Explanation:
Given that,
Initial quantities:
x1 = 100 units and y1 = 100 units
If price of Good X rises,
Final quantities:
x2 = 55 units and y2 = 95 units
Compensated:
x3 = 60 units and y3 = 105 units
Income effect = Final demand - compensated demand
= x2 - x3
= 55 units - 60 units
= - 5 units