User Account

All Pages

Determine the effect on abcs assets

Assignment Help Financial Management
Reference no: EM132318543

Question

On November 1, ABC factors $300,000 of accounts receivable with D Corporation without recourse. D will collect the receivables on a notification basis.

D advances 90% of the Accounts factored to ABC initially, and assesses a finance charge of 4% of the accounts factored which will be remitted at the end of the agreement. D reserves the balance of accounts receivables factored to cover probable adjustments for sales returns and allowances.

ABC does not offer any sales discounts. On November 1, after the factoring transaction has been recorded, determine the effect on ABC's assets?

Reference no: EM132318543

Questions Cloud

How do you define the word religion : How do you define the word religion? What are some ways in which people from different religions can learn to be more accepting of one another's beliefs.
Prepare the third-quarter production budget for skis : A set of two skis sells for $360. Management wants to end the third quarter with 4,100 skis and 4,600 pounds of carbon fiber in inventory.
Describe how influence on gender identity is accomplished : Post your thoughts on how biology, environment, culture, family, peer group, and the media impact gender identity in the United States.
Determine the difference between cost object and cost driver : Determine the difference between a cost object and a cost driver by giving an example of each within the context of a manufacturing plant of your own choosing.
Determine the effect on abcs assets : On November 1, after the factoring transaction has been recorded, determine the effect on ABC's assets?
Discuss how you would interpret the collection for public : Choose a collection that a member of your family, or a friend owns. Describe the collection's content and quantity. How did it start? Where is the collection.
What is the balance in additional paid-in capital : The corporation issued half the stock for cash at $8 per share, earned $336,000 during the first three months of operation, and declared a cash dividend.
How will your instruction alter the perception : Why do some students seem to dread fractions as a math topic? How will your instruction alter this perception? How will your instructional practices.
Research and identify three digital apps that can be used : Research and identify three (3) digital apps that can be used in accounting field. List them and describe each app explaining how they can be used.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd