31) On January 1, of the current year, Roadway Delivery Company purchased a truck for $60,000. Depreciation Expense is $3000 per year. During the first year of use, the company paid $3000 to repairnt the truck and $1200 for new tires. What is the total expense for the year ended December 31, end of current year? D) $3000 B) $4200 C) $6000 A) $7200 32) If the market interest rate is greater than the stated interest rate on bonds, the bonds will sell: A) at a discount. B) at the stated interest rate. C) at face value D) at a premium. 33) If Abby, Inc. sells items to a customer who uses a credit card for $1800, and there is a credit card fee of 1.5% Abby will record a(n): (Round your final answer to the nearest dollar.) A) debit to Sales Expense for $27. B) debit to Accounts Receivable for $1773. C) debit to Credit Card Discount Expense for D) credit to Sales Revenue for $1773. $27. 34) The records of Milwaukee Sprinkler Systems report net sales of $520,000, net income of $130,000 and avera total assets of $360,000. Using DuPont analysis, calculate the two ratios used for return on assets. (Round your final answer to two decimal places.) A) Net profit margin ratio is 25%; Total asset turnover is 1.44 B) Net profit margin ratio is 2.77; Total asset turnover is 25%. C) Net profit margin ratio is 2.50; Total asset turnover is 36%. D) Net profit margin ratio is 36%; Total asset turnover is 4.00. 35) For retailers, a way to speed up cash collections is: A) to accept debit and credit card sales. C) to not offer a sales discount B) to lengthen credit cycles. D) getting cash quickly is not important