This is for financial accounting

This may help, but I'm still confused

http://www.chegg.com/homework-help/learning-objective-6-show-speed-cash-receivables-ripley-shir-chapter-5-problem-67cep-solution-9780134417363-exc

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Requirement 1 options

Requirement 2 options

Retro Shirt Company sells on credit and manages its own receivables. Average experience for the past three years has been the followingg EE (Click the icon to view the data.) Requirement 1. Should Retro Shirt Company start selling on bankcards? Show the computations of net income under the present plan and under the bankcard plan. (Ignore 1 (Click the icon to view more information.) estimated sales returns and refunds for this exercise.) (Assume the same cost of goods sold percentage as the company has experienced in the past. For amounts with a $0 balance, make sure to enter "O" in the appropriate cell. In the "Expected with Bankcard" scenario, assume the company is switching completely from receivables to bankcard sales and therefore, there will be no expenses related to receivables.) More Info Without Expected with Bankcards Bankcards 500000 250000 16000 0 Josh Rivera, the owner, is considering whether to accept bankcards (VISA, MasterCard). Rivera expects total sales to increase by 12% but cash sales to remain unchanged. If Rivera switches to bankcards, the business can save S9,000 on other expenses, but VISA and MasterCard charge 3% on bankcard sales Rivera figures that the increase in sales will be due to the increased volume of bankcard sales Uncollectible-account expense .. Bankcard discount expense . . .. Other expen Total expenses. Net income ses . .. Print Done Decision: Retro Shirt company should start selling on bankcards