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Thepotemich [5.8K]
3 years ago
13

During 2004 Elway Corporation transferred inventory to Howell Corporation and agreed to repurchase the merchandise early in 2005

. Howell then used the inventory as collateral to borrow from Norwalk Bank, remitting the proceeds to Elway. In 2005 when Elway repurchased the inventory, Howell used the proceeds to repay its bank loan. 4. This transaction is known as a(n):
a. consignment.
b. installment sale.
c. assignment for the benefit of creditors.
d. product financing arrangement.
Business
1 answer:
Svet_ta [14]3 years ago
6 0

Answer:

d. Product financing arrangement.

Explanation:

A business transaction in which an organization sells and agrees to repurchase inventory with the repurchase price equal to the initial or original sales price plus the carrying and financing costs is known as the Product financing arrangement.

A product financing arrangement is more likely to exist when the seller commits to having a third party client purchase the item and then agrees to repurchase the item from the third party client.

It's noteworthy to know, that the seller controls how the item sold under either of the above mentioned situations is analysed and disposed of.

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Answer:

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Explanation:

There are many international and national organization that take care about their employees growth. But many of organization are there which is only think about the productivity not about their employees. The industrial organization psychology worked on this concepts. Many research has been done just because to find out about the employees condition and productivity in an organization.

It is very important for employers if they think about the mental, physical health of their employees it affects the productivity. If employees are satisfied with the environment and policy of a company then productivity will also increase side by side.

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Answer:

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2 years ago
Galvatron Metals has a bond outstanding with a coupon rate of 6.1 percent and semiannual payments. The bond currently sells for
Eva8 [605]

Answer:

After tax cost of debt is 4.16%

Explanation:

The yield on the debt which is pre-tax cost of debt can be computed using the rate formula in excel, which is given as follows:

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fv is the face value repayable on redemption $2000

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where t is the tax rate at 35%=0.35

after tax cost of debt=6.40%*(1-0.35)

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