subject
Business, 05.05.2020 19:07 ykluhredd

Trell Corporation transferred $50,000 of accounts receivable to a local bank. The transfer was made

without recourse. The local bank remits 80% of the factored amount to Trell and retains the remaining

20%. When the bank collects the receivables, it will remit to Trell the retained amount less a fee equal

to 3% of the total amount factored. Trell estimates a fair value of its 20% interest in the receivables of

$8,000 (not including the 3% fee). Trell will show an amount receivable from factor of:

a. $10,000.

b. $8,500.

c. $8,000.

d. $6,500.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 15:00
Abroker showed one of his own listings to a buyer he was representing. the buyer decided to make an offer on the property, which was accepted. at no point did the broker disclose his dual agency status. the broker may be:
Answers: 3
question
Business, 21.06.2019 21:00
Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.
Answers: 1
question
Business, 22.06.2019 03:10
Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today
Answers: 3
question
Business, 22.06.2019 04:00
Match the type of agreements to their descriptions. will trust living will prenuptial agreement
Answers: 2
You know the right answer?
Trell Corporation transferred $50,000 of accounts receivable to a local bank. The transfer was made<...
Questions
question
Mathematics, 02.07.2019 19:30
question
Mathematics, 02.07.2019 19:30