Answer:
The transferor does not maintain effective control over the transferred financial asset or third party beneficial interest in the asset.
Explanation:
The code for transfer of receivable provisions, allows creditor of a debt to have the right to transfer his/ her receivable right to another person, provided that the transaction is permitted by the law/ contract nature of business. Transfer of receivables permit the third person/ party to be included in the relationship that exist between debtor and creditor, and this allows him/ her to near the title of creditor.The receivable must be an existing one before the receivable transfer can be possible. It should be noted that for transfer of receivables be recorded as a sale, The transferor does not maintain effective control over the transferred financial asset or third party beneficial interest in the asset.
Answer: 2.67%
Explanation:
Periodic interest rate refers to the Annual Percentage Rate (APR) converted to the periods in question. It is calculated by dividing the APR by the number of periods it is to be converted to.
If for instance a monthly periodic rate is needed, divide APR by 12 as there are 12 months in a year.
If it is a daily periodic rate needed, divide the APR by 365 as that is the number of days in a year.
This question is asking for a monthly periodic interest rate:
= 31.99% / 12
= 0.026658
= 2.67%
Answer:
For an organization to survive, it must exchange information with it's external environment. An organization has no control over it's external environment, hence, it as to use the information of it's external environment for planning.
Explanation:
Wells Fargo, was one of the most valued bank, that operated a successful open system, before the scandal became public. However, it could not survive it's complex external environment, as the scandal had damaged the reputation of the bank, which largely affected the bank's market share.
