London Moore $,\frac{04}{05}\frac{?}{242}$:$32P$

Question $2,$ E$5-71($book$/$static$)$

Part $1$ of $3$

HW Score: $10\%,1$ of $10$ points

Points: $0$ of $1$

irt Company sells on credit and manages its own receivables. Average experience for the past three years has been the following: $k$ the icon to view the data$)$

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uld Retro Shirt Company start accepting credit cards? Show the computations of net income under the present plan and under the credit card plan. $($Ignore estimated sal ins and refunds for this exercise.$)$

$($Click the icon to view more information$).$

the same cost of goods sold percentage as the company has expenenced in the past. For amounts with a $$0$ balance, make sure to enter $"0"$ in the appropnate field. In ected with credit card" scenario, as sume the company is switching completely from receivables to credit card sales and therefore, there will be no expenses related ables.$)$

$\backslash$table$[[,\backslash$table$[[$Actual without$],[$credit cards$]]],[$goods sold,$],[$tible$-$account expense,$],[$ard discount expense,$],[$penses$,]]$

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