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:

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.