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Problem 1: DEF Company factored P6,000,000 of accounts receivable to a finance entity at the beginning of current year. Control was surrendered by DEF Company. The factor accepted the accounts receivable subject to recourse for nonpayment. The fair value of the recourse obligation is P100,000. The factor assessed a fee of 3% and retained a holdback equal to 5% of the accounts receivable. In addition, the factor charged 15% interest computed on a weighted average time to maturity of the accounts receivable of 54 days. Assuming that all accounts are collected, what is the gain or (loss) on factoring the accounts receivable?
Sunshine Valley Meat Company produces one of the best. Calculate how many sausage products you need to sell in order to make $10,000 target profit for the year.
kahane co has an inventory conversion period of 51.75 days an average collection period of 41.50 days and a payable
murcia corp. has 4000000 of 9.5 25yr bonds dated may 1 2009 with interest payable on april 30 and oct. 31. companys
steve and linda hom live in bartlesville oklahoma. two years ago they visited thailand. linda a professional chef was
Coaster manufactures and sells logging equipment. Due to the nature of its business, Coaster is unable to reliably predict bad debts. During 2014, Coaster sold equipment costing $4,800,000 for $7,200,000. The terms of the sale were 20% down, with ..
A decrease in a firm's willingness to pay dividends is likely to result from an increase in its:
The complaint further alleged that Local 327 and its business agent and president fraudulently changed the results of a membership vote on the proposed.
The Morgan Models company manufacturers replica plastic airplane and motorized vehicle models. How many of the units that were started during October
Factory overhead (allocated based on direct labour hours) and Variable 4 hrs @ $5.00 per hour. Calculate the Static and Flexible Budget Variance
Telephone and mailing expenses are scheduled to increase by 8 percent even with no change in sales volume. However, these costs are variable with the number of units sold, as are packaging and delivery costs.
Blunt paid $20,000 in German income taxes and $1,800 in Swiss income taxes. Compute Blunt's U.S. tax liability after any available FTCs
Your team should interview people involved in systems development in a local business or at your college or university. Describe the process used. Identify the users, analysts, and stake holders for a systems development project that has been comp..
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