Answer:
Debit cash by $71,250, factoring expense by $3,750 and credit account receivable by $75,000.
Explanation:
Step 1 of 2
Calculate the amount of factoring fee.
Factoring fee = 5% ×Account Receivable
=5%×$75,000
=$3,750
Step 2 of 2. Journey record. Image attached.
Debit cash by $71,250, factoring expense by $3,750 and credit account receivable by $75,000.
Answer:
more goods are being imported than exported
Explanation:
Net export = export - import
when net export is negative it means that import exceeds import. this is known as a trade deficit
Answer:
68000
Explanation:
Colgate has options outstanding amount to 68000 in 2013. The weighted average exercise price of sock option outstanding is $47.15. Out of 68000 the 54800 option are available for issuance and rest 13000 are restricted stock which are ready for issuance under Incentive Compensation Plan.
Answer:
True
Explanation:
the risk to the firm of being unable to obtain funds when needed is lower than if it had an informal line of credit.