Which of the following is true of a master production schedule (mps)? it projects the requirements for the individual parts based on the demand for the finished goods. it provides a means for evaluating alternative schedules in terms of capacity requirements. its primary output is a time-phased report for scheduling raw materials purchase. its input is obtained from the materials requirements planning.

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?