Concord Company finances some of its current operations by assigning accounts receivable to a finance company. On July 1, 2025, it assigned, under guarantee (with recourse), specific accounts amounting to $225,000. The finance company advanced to Concord 80% of the accounts assigned (20% of the total to be withheld until the finance company has made its full recovery), less a finance charge of 0.40% of the total accounts assigned