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love history [14]
2 years ago
10

While a loan must be repaid, factoring is the selling of _____ to a finance company who then assumes responsibility for collecti

ng the accounts.
Business
1 answer:
Umnica [9.8K]2 years ago
6 0

The correct answer is accounts receivable.

While a loan must be repaid, factoring is the selling of accounts receivable to a finance company who then assumes responsibility for collecting the accounts.

<h3>What is factoring? </h3>
  • Factoring is concerned to a kind of financial transaction. It is also a type of a debtor finance.
  • In factoring a business sells it accounts receivable to another party at a lower cost or at a discount.
  • It is usually used in international trade finance.
  • It is also known as invoice factoring, accounts receivable factoring, or also as receivable financing.
  • In factoring there are three different parties directly involved.
  • The whole process highly confidential.

To learn more about accounts visit: brainly.com/question/17373928?

#SPJ4

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The University creates many departments for different fields of study. This structure has been institutionalized since primitivity to enable group of people with same academic interest, and Long & short term career goals share ideas, knowledge and learn together in same environment. This structure is ideal and supportive and allows for complete focus on one's area of interest. However, this structure is currently being modified and may entirely change in the nearest future as there have being increasing overlaps between courses of different field. Multidisciplinary departments have come in handy with research that help in preserving humanity just as Biology is overlapping with different fields of study to find cure for the ravaging Covid-19.

8 0
3 years ago
The Reingold Hat Company uses the allowance method to account for bad debts. During 2018, the company recorded $800,000 in credi
olasank [31]

Answer:

$24,000

Explanation:

Since in the question it is given that the  3% of credit sales is considered to be a bad debt expense

where,

Credit sales is $800,000

And, the estimated percentage is 3%

So by considering this above information, the amount debited to bad debt expense is

= $800,000 × 3%

= $24,000

All the other information i.e to be given is not relevant. Hence, ignored it

4 0
3 years ago
The Phoenix Suns decide to increase their ticket prices for next season. We might expect revenue will rise due to the higher pri
vaieri [72.5K]

We might expect revenue will rise given that Phoenix is a large city.

<h3>What is a revenue?</h3>

This refers to the income generated from normal business operations which are calculated by average sales price * the number of units sold

Because Phoenix Suns decide to increase their ticket prices for next season, then, we might expect revenue will rise given that Phoenix is a large city.

Therefore, the Option B is correct.

Read more about revenue

<em>brainly.com/question/4618859</em>

#SPJ1

5 0
2 years ago
One possible answer to the economic problems in West and Central Africa is A. griots. B. microcredit loans. C. imports of natura
photoshop1234 [79]
The correct answer is : B. Microcredit Loans

Microcredit loans are usually a very small loans to impoverished who usually does not have enough collateral or steady source of income/ Since the west and central Africans live way below poverty border, Microcredits is one of the best way to improve their economy.
7 0
3 years ago
In the month of June, a department had 20,000 units in beginning work in process that were 70% complete. During June, 90,000 uni
fgiga [73]

Answer:

100,000 units

Explanation:

The computation of the transferred out units of the process is shown below:

= Transferred units × percentage of completion + ending work in process inventory units × percentage of completion

= 90,000 units × 100% + 10,000 units × 100%

= 90,000 units + 10,000 units

= 100,000 units

All other information which is given is not considered. Hence, ignored it

3 0
3 years ago
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