0 QUESTION 5 Accounts Receivable in the amount of $500,000 were assigned to Mariucci Finance Co. by Springfield as security for a loan. Mariucci withheld $75,000 of the A/R balance and loaned the rest of collectibles of $425,000 less a finance charge. Mariucci charged a 3% commission on a certain balance of A/R; the interest rate on the note is 12%. If the net proceeds of the loan were $410,000 then on what dollar amount of A/R was the commission charged? 500000 QUESTION 6 Assume the same information as in question no. 5. In the first month after the assignment, Springfield collected $200,000 on assigned accounts after deducting $450 of discounts. Springfield also wrote off a $530 assigned account. Assume Springfield's allowance for d/a had a DR balance of $500 before the write off. The incremental impact on gross profit from Springfield's collection above is: -450 QUESTION 7 Assume the same information as no. 5 The incremental impact on Springfield's working capital from the collection above is? -450 QUESTIONS Click Save and Submit to and submit. Click Save All Answer to save all ans. Save All Answers Close Wir Type here to search O