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.
1951164
Questions Asked
3,689
Active Tutors
1425190
Questions Answered
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!
1. What is your ultimate passion in life? 2. What is your timeline goal? 3. What are your strengths? 4. What are the "What ifs?" you might ask yourself?
This chapter involves change and the response to change in an organization. If you feel uncomfortable already you probably are in the majority.
Explain how you plan to incorporate a commitment to social change into your program of study and professional practice.
Describe how the patient's action made a difference in their own health. How is patient-centered care supported, or not supported
Identify ways to determine whether an Internet site is trustworthy and valid when you are seeking medical information.
What group therapy techniques were demonstrated? How well do you believe these techniques were demonstrated?
You will create a PowerPoint presentation with a realistic case study and include appropriate and pertinent clinical information that will be covering