Printing Co. opened a new business location on April 1. During April, Printing Co. sold $90,000 of copies for cash along with $168,000 of copies on account to customers. Payments collected from these customers amounted to $106,000 during April, with the balance to be collected during May. How much revenue should Printing Co. report on its April income statement

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Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.