As treasurer of the Universal Bed Corporation, Aristotle Procrustes is worried about his bad debt ratio, which is currently running at 6.2%. He believes that imposing a more stringent credit policy might reduce sales by 5.2% and reduce the bad debt ratio to 4.2%. Assume current sales of $100. a. If the cost of goods sold is 82% of the selling price, calculate the profit under both the current policy and the proposed policy. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

1. gar principles or "the principles"are intended to do what?

On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500

Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price.b)an upper limit on the quantity of some good that can be bought or sold.c)a legal restriction on how high or low a price in a market may go.d)control of the price of a good by the firm that produces it.