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Lonergan Company infrequently uses its accounts receivable to get immediate cash. At the end of June 2013, the company had accounts receivable of $780,000. Lonergan needs just about $500,000 to capitalize on a unique investment opportunity. On 1st July, 2013, a local bank offers Lonergan the subsequent two alternatives: a. Borrow $500,000, sign a note payable, and assign the whole receivable balance as collateral. At the end of each month, a remittance will be made to the bank that equals the amount of receivables collected plus 12 percent interest on the unpaid balance of the note at the starting of the period. b. Transfer $550,000 of specific receivables to bank without recourse. The bank will charge a 2 % finance charge on the amount of receivables transferred. The bank will collect receivables straight from customers. The sale criteria are met.
Safety Seats Co. recorded operating data for its shoe division for the year. The company's desired ROI is 5%- Which one of the following is the actual ROI for the year
Determine the provided expressions using the a, b, and c from your birth date.
question1. in 2013 justin invested 20000 in a cattle-feeding partnership that used nonrecourse notes to purchase 100000
Peterson Corporation acquired 70 percent of the outstanding voting stock of Smith Corporation for $91,000 cash on January 1, 2011, when Smith's stockholders' equity was $130,000. All the assets and liabilities of Smith were stated at fair values (..
Evaluate a newspaper or magazine even online and select an article relating to the use of governmental funds by state, local government, county, etc on an activity.
Write the consolidated financial statements for Company
questionpeak performance inc. reported total income of 250000 for the year ended december 31 2009. peak performance
question 1the whitton co. has an opportunity to purchase a computer now for pound18000 that will yield annual net cash
What is the balance in Paid-in Capital from Sale of Treasury Stock on December 31, of the current year
question-on january 1 2014 agassi corporation had the subsequent stockholders equity accounts.common stock 10 par value
The journal entry to record the incurrence of direct labor costs in November would include the following for Work in Process - total cost of producing and selling the product
You are considering acquiring a firm that you believe can generate expected cash flows of $16,000 a year forever. However, you recognize that those cash flows are uncertain. a. Suppose you believe that the beta of the firm is 1.0. How much is the f..
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