What would be recorded as a gain on the transfer
Sun Inc assigns $2,000,000 of its accounts receivables as collateral for a $1 million 8% loan with a bank. Sun Inc. also pays a finance fee of 1% on the transaction upfront. What would be recorded as a gain (loss) on the transfer of receivables?
Expected delivery within 24 Hours
Why are audit objectives important in planning and performing an audit? Explain the differences between transaction class, account balance, and disclosure objectives.
Charles Corp. has outstanding accounts receivable totaling $6.9 million as of December 31 and sales on credit during the year of $24 million.
From the above question, what if only half of the inventory from the intra-entity transaction remain with company B at the end of 2013?
At the close of its first year of operations, December 31, 2014, Madeline Company had accounts receivable of $1,100,000, after deducting the related allowance for doubtful accounts.
Mallard has lease total lease payments of $ 120,000 and sinking fund payments totaling $ 100,000. Using the information from "A" and "B" above, their fixed coverage charge ratio is?
Cardinals Corporation had a 1/1/14 balance in the Allowance for Doubtful Accounts of $20,000. During 2014, it wrote off $14,000 of accounts and collected $4,100 on accounts previously written off.
If the firm has a target capital structure of 70% equity, and 30% debt, the firm's optimal dividend payout ratio (assuming only retained earnings will be used) under the residual model is?
Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle.
1938256
Questions Asked
3,689
Active Tutors
1448893
Questions Answered
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!
When working with a child under the age of 18, what is a best practice in terms of getting their agreement for counseling?
Based on what we know about empirical research on treatment outcomes using theory, what is the Dodo bird verdict?
Question: When it comes to the development of early counseling theories, which one of the following is true?
Scherazade and Roderick, married for 13 years, are a happy couple in love with life, each other, and their family. They met 14 years ago
Concede this the client is a 15 year old straight male who came in today wiht his mom looking to re engaging with outpatient therpy
Identify an ethical boundary or boundaries that were crossed in the experiment?
Question: Which of the following is a key characteristic of schizoid people?