At the beginning of January of the current year, Sorrel Co.’s ledger reflected a normal balance of $54,000 for accounts receivable. During January, the company collected $15,200 from customers on account and provided additional services to customers on account totaling $12,700. Additionally, during January one customer paid Mikey $5,200 for services to be provided in the future. At the end of January, the balance in the accounts receivable account should be:

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is