Business, 01.12.2020 16:50 drunkelmo04
Bramble Corporation factored, with recourse, $175000 of accounts receivable with Martinez Financing. The finance charge is 4%, and 6% was retained to cover sales discounts, sales returns, and sales allowances. Bramble estimates the recourse obligation at $4700. What amount should Bramble report as a loss on sale of receivables?
a) $7000.
b) $22200.
c) $-0-.
d) $11700.
Answers: 2
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Blank is the internal operation that arranges information resources to support business performance and outcomes
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Business, 22.06.2019 11:00
Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period
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Business, 22.06.2019 13:20
Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.
Answers: 1
Business, 22.06.2019 19:30
Consider the following two projects. both have costs of $5,000 in year 1. project 1 provides benefits of $2,000 in each of the first four years only. the second provides benefits of $2,000 for each of years 6 to 10 only. compute the net benefits using a discount rate of 6 percent. repeat using a discount rate of 12 percent. what can you conclude from this exercise?
Answers: 3
Bramble Corporation factored, with recourse, $175000 of accounts receivable with Martinez Financing....
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