Answer:
the answer is C
Explanation:
why ? the redemption is used for marketing to define or even to know how in the future your company reach their economic profit levels,and also to the shareholder benefits, so that's why when the company put on the market the outstanding stock , they decide how many any shareholder could get. they are looking always to increase their own business but if the company say that after redemption you must own less than 80% of his percentage ownership, its not common , nobody could get less even 50% of his own outstanding shares stock.
Answer:
The cash paid on May 8 is: $5,880
Explanation:
Credit terms of 2/10, net 30 means that 2% discount for the payment within 10 days and the full amount to be paid within 30 days.
The company purchased $6,500 of merchandise on May 1. On May 6, it returned $500 of that merchandise.
The balance owed for merchandise = $6,500 - $500 = $6,000
On May 8, it paid the balance owed for merchandise, taking any discount it is entitled to.
The company took the appropriate discount:
2% x $6,000 = $120
The cash paid = $6,000 - $120 = $5,880
Answer:
Factoring fee = 2% * Account Receivable
= 2% * $3,400
= $68
Date Account Titles and Explanation Debit Credit
Cash $3,332
Factoring expenses $68
Account receivables $3,400
(To record the receipt of cash against the receivables)
The net realizable value of accounts receivable is $684,204
Explanation:
- To calculate subtract the doubtful-accounts allowance from the total accounts receivable. The result will be the net realizable value of accounts receivable.
- accounts receivable = $703,938
- doubtful-accounts = $19,734.
- the net realizable value of accounts receivable =
- accounts receivable ± doubtful-accounts
- Therefore, the net realizable value of accounts receivable is $684,204
Answer: 24 months
Explanation:
The law of the state allows for periods more than 24 months, a 2 years of conversion privilege is required by federal law.
