Oliver furniture factors $800,000 of receivables to kwik factors, inc. Kwik factors assesses a 2% service charge on the amount of receivables sold. Oliver furniture factors its receivables regularly with kwik factors. What journal entry does oliver make when factoring these receivables?.

The answer is : v = 55 + 8m plug in m = 25 v = 55 + 8(25) = 255 25 minutes after baxter begins filling the tank, the volume of water in the tank will be 255 gallons. slope: m = 8 gal/min for every min the water is on, the volume of water in the tank increases by 55 gallons. y-intercept: 55 (0,55) the initial volume of water in the tank was 55 gallons.