Fancy Distributing Company of Atlanta sells fans and heaters to retail outlets throughout the Southeast. Joe Fancy, the president of the company, is thinking about changing the firm’s credit policy to attract customers away from competitors. The present policy calls for 3/15, net 30 cash discount....

I am starting a business where I process payments on behalf of independent contractors. 1. Customer request work to be done. Gives me a credit card to cover cost. 2. I call an independent company to perform the work. 3. The company completes the work. 4. I process the payment for the work...

During June 2005, Bextra Inc. recorded sales of $55,000 but only $20,000 was collected in cash from customers. Cost of goods sold of $38,000. What was the effect of these sales on Bextra's current ratio? A- Current ratio increases B-Current ratio decreases C-Current ratio remains...

I've been working on this problem for 3hours but I keep getting it wrong... here's the info: Anthony Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 ...

Retained earnings, December 31, 2011 $ 490,400 Net decrease in total assets during 2011