Frank Ritter, Inc. enters into an arrangement with Hisker Enterprises whereby Hisker will assume $100,000 of Ritter's receivables for a 6% fee. These receivables have a related allowance for doubtful accounts of $3,500.
Assuming the transaction was a factoring arrangement without recourse, which one of the following entries will Ritter make?

A.
DR Cash $94,000
DR Loss on sale of receivables 6,000
CR Due to Hisker Enterprises $100,000

B.
DR Cash $94,000
DR Allowance for doubtful accounts 3,500
DR Loss on sale of receivables 2,500
CR Accounts receivable $100,000

C.
DR Cash $94,000
DR Loss on sale of receivables 6,000
CR Accounts receivable $100,000

D.
DR Cash $100,000
CR Accounts receivable $100,000

Which stroke of the four-stroke cycle is shown in the above figure? a. power b. compression c. exhaust d. intake

What is the main role of ctsos at the local level? at the local level, the main role of ctsos is to encourage students to become urge them to programs and competitive events.1. a.internsb.traineesc.members2.a.participateb.trainc.win

Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.