Answer:
Entries are given below
Explanation:
Calculations
Cash = ($68,000 x 90%) - ($68,000 x 2%)
Cash = $61,200 - $1,360
Cash = $59,840
Loss on sale = ($68,000 + $3,800) - ($59,840 +$5,800)
Loss on sale = $71,800 - $65,640
Loss on sale = $6,160
Entries
DEBIT CREDIT
Cash $59,840
Loss on sale $6,160
Receivable from factor $5,800
Recourse liability $3,800
Receivables $68,000
Answer:
Commercial bank.
Explanation:
A commercial bank is a financial institution that provides financial services to the public such as offering loan services, accepting deposits, foreign exchange, providing bank accounts. They encourage savings and are good sources of finance to businesses and industry.
I believe the correct answer would be the last one. One of the main goals of unions is to engage in featherbedding. In simple words, to be able to provide and implement favorable and advantageous working conditions to employees in a company.
The answer to your question is - Scarcity.
Answer:
option (B) $10,500
Explanation:
Data provided in the question:
Cost = $30,000
Useful life = 5 years
Salvage value = 0
Tax rate = 35%
Expected net cash inflow before depreciation and taxes = $20,000 per year
Now,
The total tax shield created by depreciation over the life of project
= Tax rate × ( Amount of depreciation over the life of project )
= 35% × ( Cost - Salvage value )
= 0.35 × ( $30,000 - 0 )
= $10,500
Hence,
The answer is option (B) $10,500
