Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Zeus company factored P6,000,000 of accounts receivable to a finance entity at the beginning of current year. Control was surrendered by Zeus 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 hold back 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.
A. What is the amount of cash initially received from the factoring?
B. If all accounts are collected, what is the loss on factoring the accounts receivable?
C. If all accounts are not collected, what is the loss on factoring?
What is the profit from taking advantage of the mispricing of the spot rate (based on UIRP)? X0USD/EUR = 1.05; rUSD = 2%; rEUR = 7%
Journalize the entries to record the following: (1) receipt of the note by Bork Furniture and (2) receipt of payment of the note at maturity
What if the Fabrication Division had excess capacity? How would this change the minimum transfer price as determined by the application
You have $2,162 invested in Stock A and $657 invested in Stock B. If the returns on these stocks are 5.56% and 19.66%, respectively, what is the return
Peak sales for Northern Tools Ltd., Prepare schedule of expected cash collections from sales, by month and in total for the fourth quarter.
If the interest rate is 1.5% per month, what will be the change in the firm's total monthly profits on a present value basis if credit offered to all customer
Tina Grey bought a new Honda Civic and insured it with only 10/20/5 compulsory insurance. Driving up to her ski chalet one snowy evening, Tina hit a parked van and injured the couple inside. Tina’s car had damage of $6,500, and the van she struck had..
Explain what the Fisher effect is and how it would be reflected in rising interest rates - Explain the meaning and differences between the loanable funds
At an average room rate of $65. Actual room nights for the week totaled 500 with an average room rate of $70. The price variance for the week was
The following information was taken from the fixed asset records of Klein Inc., as of December 31, 2007: Illustrate what is the amount of Impairment Loss under US GAAP?
What amount of impairment loss should be recognized on December 31, 2021? What is the asset's carrying value on December 31, 2022?
What is the amount of goodwill resulting from the business combination - On April 1, year 1, Dart Co. paid $620,000 for all the issued and outstanding common stock of Wall Corp.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd