Answer:
The journal entry in respect of the factored debt is shown below:
Dr Cash $95,000
Dr Factoring cost $5000
Cr Accounts receivable $100,000
Explanation:
The factoring of accounts receivable implies that a finance company known as factor takes responsibility for chasing debtors for payments in return for a 5% charge of the accounts receivable.
Since factoring transfers accounts receivable to factoring comparing, accounts receivable is credited with face value of the debt,an inflow of cash from the factor is debited to cash account while also debiting the difference debt and cash received to a factoring expense account.
This avails the company quick access to cash receivable later.
Answer:
invest in a new production plant right now.
Explanation:
The best long term solution for these constraints would be to invest in a new production plant right now. This would set the pharmaceutical company back for some time as it would be a big cost which would take them a long time to recover through profits. Regardless, it would completely solve their scaling problem and allow them to drastically increase their profits the more they grow. Which would also decrease the amount of time before they recover the cost of the new plant.
Answer:
$63,600
Explanation:
Th weighted average method is one that ensures that all the various prices at which inventory is bought is considered to determining the price at which inventory is issued.
Amount of Inventory at
= (150 × 200) + (500 × 210) + (350 × 220) = $212,000
Total quantity (before sales) = 150 + 500 + 350 = 1000 units
Weight average cost per unit = $212,000/1000 = $212
The 700 units sold will be value at $212 per unit.
Hence total cost of goods sold = $212 × 700 = $148,400
Closing inventory amount = $212,000 - $148,400
= $63,600
In economics, a factor market refers to markets where services of the factors of production are bought and sold, such as the labor markets, the capital market, the market for raw materials, and the market for management or entrepreneurial resources.
So I believe it is C
Answer:
The correct answer is 11.28%
Explanation:
Solution
Recall that:
Investment center A Investment center B
Investment center income $ 530,000 $ 640,000
Investment center average
invested assets $ 4,700,000 $ 3,100,000
Now,
We calculate for return on investment (ROI) for Investment Center A
The ROI A=Investment center income/Average invested assets which is
= (530000/4,700,000)
=11.28%