SM.10 Which of the following would be part of an effective supplier relationship management process?

a. collaborating with suppliers (exchanging information)
b. evaluating supplier performance
c. automating payment transactions
d. streamlining processes between a firm and its suppliers

johnson, inc. has just ended the calendar year making a sale in the amount of $10,000 of merchandise purchased during the year at a total cost of $7,000. although the firm paid in full for the merchandise during the year, it is yet to collect at year end from the customer. the net profit and cash flow from this sale for the year are