Firms in japan often employ both high operating and financial leverage because of the use of modern technology and close borrower–lender relationships. assume the mitaka company has a sales volume of 150,000 units at a price of $30 per unit; variable costs are $7 per unit, and fixed costs are $2,050,000. interest expense is $425,000. what is the degree of combined leverage for this japanese firm? (round your answer to 2 decimal places.)

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.)