1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
docker41 [41]
2 years ago
7

Ames Quartet Inc. factors receivables with a carrying amount of $200,000 to Joffrey Company for $160,000 on a with recourse basi

s. The recourse provision has a fair value of $1,000. This transaction should be recorded as a sale. Prepare the appropriate journal entry to record this transaction on the books of Ames Quartet Inc.
Business
1 answer:
krek1111 [17]2 years ago
4 0

Answer:

Ames Quartet Inc          Debit            Credit

cash                               $160000

loss on sale                   $40000

Account receivable                            160000

recourse liability                                  1000

Explanation:

Factoring with recourse refers to a practice where a company sells it' s loan or receivable to a factor or another company for immediate cash. The factor is guaranteed an amount called ' Recourse' .

You might be interested in
Today, an estimated _____ of the adults in the united states are overweight, with over _____ falling into the obese range.
Shalnov [3]

The answer in the first space provided is seventy five percent while the second space provided is forty one percent, this is a research that has estimated the percent rate of overweight and obesity in the United States during the year of 2015.

3 0
3 years ago
byu 220 in gibbons v. ogden, the supreme court ruled that rail companies could not purchase farmland without the consent of farm
sukhopar [10]

In Gibbons v. Ogden, the Supreme Court ruled that rail companies  D. states could not restrict trade within their jurisdictions.

Under the constitution,  rail companies have the electricity to make all laws that shall be vital and proper for carrying into execution the foregoing powers. Aaron Ogden was given permission to function his steamboats in the big apple. Thomas Gibbons changed and allowed to function his steamboats in the big apple.

The ruling in Gibbons v. Ogden asserted Congress's authority to adjust interstate trade on the idea of the Supremacy Clause. It set a precedent that Congress had the strength to overturn country rules if interstate commerce were worried.

The case introduced mild the problem of the trade Clause of the united states charter. It changed into a question of whether or not Congress ought to adjust positive factors of trade. It averted states from establishing similar monopolistic rail companies' legal guidelines, encouraging an increase in steamboat journey and cargo delivery. This increased change opportunities between states, boosting states' economies.

Learn more about rail companies here:-brainly.com/question/11433327

#SPJ4

8 0
1 year ago
The payoff matrix represents hypothetical profits that could be earned by two milk sellers who have formed a cartel. each seller
vazorg [7]

For the statement  "The payoff matrix represents hypothetical profits that could be earned by two milk..." and the Milky Mose table  Both will cheat Option C. This is further explained below.

<h3>What is a payoff matrix?</h3>

Generally, payoff matrix is simply defined as when one player's tactics and those of the other are represented in a table called a payoff matrix, they are listed in rows.

In conclusion, In order to get an edge, both parties will engage in dishonesty. As a result, both parties will be tempted to cheat in order to gain an unfair advantage.

The payoff matrix below represents hypothetical profits that could be earned by two milk sellers who have formed a cartel. Each seller must decide if they want to cheat or not to cheat on the production quotas in the cartel agreement. Use the payoff matrix to answer the questions below. Does either member have an incentive to cheat? Heifer's Gold will cheat, but Milky Moo will not. No, neither has an incentive to cheat, Yes, both will cheat. Milky Moo's will cheat, but Heifer's Gold will not

Read more about payoff matrix

brainly.com/question/7656949

#SPJ1

8 0
1 year ago
A business will usually choose to produce a new product inan existing facility if the cost is less that the cost of building a n
coldgirl [10]

Answer:

E) existing factory has enough capacity to handle demand for the new products as well as the existing products.

Explanation:

If the existing factory doesn't have enough capacity to produce both the new product and existing ones, then if doesn't matter if the technology used is the same, or the new product is an extension of an existing product line, or existing human resources possess the abilities and knowledge required, or even if the product design is already complete or not.

If the factory's production capacity cannot handle the new product, then the company needs to expand the existing factory's production capacity or build a new facility.

4 0
3 years ago
Melanie fitzpatrick is an american expatriate assigned to england. during a business meeting in london with important local cust
melisa1 [442]
If the customer wants "to table" the discussion on price then I assume he wants to hold it for later ie not deal with it right now but defer it to a later date perhaps to when more data is available either from Melanie or from him to be able to make the discussion more meaningful.
4 0
3 years ago
Other questions:
  • The number of jobs available in the U.S. economy is largely determined by the number of workers private firms choose to hire. In
    13·1 answer
  • The assembly department had beginning work in process of 18,000 units, ending work in process of 22,000 units, and units transfe
    10·1 answer
  • Identify which of the following is not generally a right of common stockholders. Vote at stockholders' meetings Manage operation
    14·1 answer
  • How is price and output determined undr monopolistic competition?​
    14·1 answer
  • Grant, Inc., acquired 30% of South Co.’s voting stock for $200,000 on January 2, Year 1, and did not elect the fair value option
    10·1 answer
  • Customers are usually more willing to pay more for the first unit of a good they purchase than for the​ second, third, or subseq
    13·1 answer
  • A bank developed a model for predicting the average checking and savings account balance as balance = -17,732 + 367 * age +1300
    6·1 answer
  • Professor jennings claims that only 35% of the students at flora college work while attending school. dean renata thinks that th
    7·1 answer
  • List three market practices that the govemment<br> regulates or bans to protect competition
    7·1 answer
  • What key features should you point out when demonstrating 2022 kicks’ efficient performance?.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!