Answer:
True
Explanation:
The property rights are the rights that are given the authority to use or sell the property resources which fully depend upon the ownership criteria.
It should be legally owned by any person whether such a person is an individual or its a company or government.
The example of the property rights would be intangible or tangible i.e building, patents, land, copyrights, and other intellectual properties.
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Answer:
$972000
Explanation:
Account receivables factored = $ 900,000
Recourse Liability = $ 20,000
Due from Factor Third Bank = 900000 x 7% = $ 63,000
Loss from Factoring = (900000 x 5%) + 20000 recourse liability = $ 65,000
Amount of cash received as a result of this factoring transaction = Accounts receivables factored + Recourse Liability – Loss on factoring – Due from factor.
= 900000 + 20000 – 63000 – 65,000 = $972,000
Answer:
Gain in PV = $1,449,268
Explanation:
Annual % of gross ticket sales = 5% * $50,000,000
Annual % of gross ticket sales =$2,500,000
Present value of annuity = Annuity[1-(1+interest rate)^-time period]/rate
Present value of annuity = $2,500,000[1-(1.03)^-5]/0.03
PV = $2,500,000*4.579707187
PV = $11,449,268
Gain in PV terms= =$11,449,268-$10,000,000
Gain in PV = $1,449,268
