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Question - Assume the operation of your business resulted in sales of $730,000 last year. Year-end receivables are $100,000. You are considering factoring the receivables to raise cash to help finance your venture's growth. The factor imposes a 7 percent discount and charges an additional 1 percent for each expected ten-day average collection period over thirty 30 days.
Estimate the dollar amount you would receive from the factor for your receivables if the collection period was thirty 30 days or less. You must show the math (formula) that led to the answer to this question. Showing the answer alone without the formula is not acceptable.
Solis Company uses the FIFO method to compute equivalent units. It has 12,000 units in beginning work in process, 20% complete as to conversion costs and 40% complete as to materials costs, 65,000 units started, and 5,000 units in ending work in proc..
Trans link Corporation (TLC)began 2018 with accounts, Show how TLC should report cash flows from operating activities for 2014. TLC uses the indirect method
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Make, in good form, a Water and Sewer Fund column for the proprietary fund Statement of Revenues, Expenses, and Changes in Fund Net Position
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As a member of the customer loyalty club, Rudi received a series of discounts. If this purchases total $100 or more , his discount is 10% ; if they total $200 or more , his discount is 20% ; and if they total $300 or more , his discount is 30% . Rudi..
The following details are provided by a manufacturing? company: Product line Investment ?$1,100,000 Useful life 12 years Estimated annual net cash inflows for first year ?$400,000 Estimated annual net cash inflows for second year ?$390,000 Estimated ..
What is the? bond's yield to maturity? (expressed as an APR with semiannual? compounding)? If the? bond's yield to maturity changes to 9% ?APR
The standard and actual costs for direct materials, direct labor and factory overhead for the manufacture of 2,500 units of product are as follows: Using the information given above, the direct materials quantity variance is: Using the information gi..
Connection Section has the following amounts for 2015 and 2016. Calculate the inventory turnover for each year. Round answers to two decimal places.
Assess the viability of a business combination as a mechanism for expanding into the new market. Is this a reasonable option for the company?
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