On January 1, 2013, XYZ Inc. assigned $500,000 of their A/R to Finance, Inc. Finance agreed to pay XYZ 80% of its assigned A/R in cash, less a $10,000 service charge. Finance will also charge 12% interest on any outstanding balances. On the last day of each month, ABC remitted the cash collected from assigned accounts to Finance, Inc. At the end of January, XYZ collected $200,000 in assigned A/R and also had $10,000 in sales returns during the month. By the end of February, XYZ collected another $80,000 of assigned A/R less sales discounts taken in the amount of $2,500 during the month.

As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage

Which of the following would create the most money? the initial deposit is $6,500 and the required reserve ratio is 20 percent. the initial deposit is $3,000 and the required reserve ratio is 10 percent. the initial deposit is $7,500 and the required reserve ratio is 25 percent. the initial deposit is $4,500 and the required reserve ratio is 15 percent.

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)