User Account

All Pages

What is total cash received from financing of receivables

Assignment Help Accounting Basics
Reference no: EM132802447

Question - On October 31, 2021, Bundle Company engaged in the following transactions: (1) Obtained a P500,000, six-month loan from City Bank, discounted at 12%. The company pledged P500,000 of accounts receivable as security for the loan. What is the total cash received from the financing of receivables?

A. 440,000

B. 470,000

C. 360,000

D. 500,000

Reference no: EM132802447

Questions Cloud

What should be the minimum line of ethics for a leader : What should the firm do when there is an ethical breach in the leadership position? What should be the minimum line of ethics for a leader?
Calculate direct materials used in production : A mark up of 50% is also added to the cost of production at the time of sale of finished goods. Calculate direct materials used in production
Provide blog pertaining to the types of environmental : Provide evidence of an article or blog pertaining to the types of environmental scanning or SWAT analysis activities of the business
What is usefulness of including other comprehensive income : What is the usefulness of including other comprehensive income (OCI) in the financial statements? How will it impact the value of the firm?
What is total cash received from financing of receivables : The company pledged P500,000 of accounts receivable as security for the loan. What is the total cash received from the financing of receivables
What should be the role of insurance in healthcare : What should be the role of insurance in healthcare: Redistribution? Individualization? Should European countries make any reforms to their systems
Difference between deposition and condensation : Explain the difference between deposition and condensation. Give an example. Please and Thank you.
How much from the list to be considered as financial asset : How much from the list above is to be considered as financial asset at fair value through profits or loss
What is the molar entropy of vaporization : The normal boiling point of acetone [(CH3)2CO; MW 58.08 g/mol] is 56.1°C, and its molar enthalpy of vaporization is 29.1 kJ/mol.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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