Xenia has 10,000 people. Of this population, 1,000 residents are below age 16, and 2,000 have given up looking for work. Currently, 500 people are unemployed but are actively looking for work; 2,500 work part time, and the rest are fully employed.
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At the beginning of the current period, Marigold Corp. had balances in Accounts Receivable of $204,500 and in Allowance for Doubtful Accounts of $8,620 (credit). During the period, it had net credit sales of $836,300 and collections of $706,700.
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