Business, 02.04.2021 03:20 krislinsanchez8088
CarsRUs factors $800,000 of accounts receivable with recourse. The factor (buyer of receivables) charges a 3% finance fee and holds back an amount equal to 14% of the accounts receivable for sales adjustments and returns. CarsRUs estimates its recourse liability to be $26,000. What is the amount of the loss on sale of receivables that CarsRUs would recognize at the sale of its receivables
Answers: 2
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CarsRUs factors $800,000 of accounts receivable with recourse. The factor (buyer of receivables) cha...
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