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
Vilka [71]
3 years ago
13

Sun Inc. assigns $6,000,000 of its accounts receivables as collateral for a $2 million 8% loan with a bank. Sun Inc. also pays a

finance fee of 1% on the transaction upfront. What would be recorded as a gain (loss) on the transfer of receivables
Business
1 answer:
meriva3 years ago
7 0

Answer:

The answer is: Assigning accounts receivables as collateral for a bank is not a asset transfer.

Explanation:

Even as the bank offers Sun Inc. with a factoring limit, the accounts receivables are still in the firm's accounting book. The firm has the obligations to go after their debtors for collections. The account receivables are transferred to creditors when a company becomes defaulted or bankrupted.

You might be interested in
Those who believe in
larisa86 [58]

Answer:

C. The government can change the reserve

ratio.

5 0
3 years ago
Estimating the chance of loss associated with premature death is an objective probability.
vredina [299]

Answer:

t

Explanation:

gkfjdkcktjgcjzyxktDJxfys

8 0
2 years ago
Is Self-assessment Income tax or Consumer tax?​
nika2105 [10]

Answer:

I think it's a income tax

4 0
3 years ago
The theory of rational behavior
romanna [79]

Answer:

The correct answer is letter "C": is an assumption that economists make to have a useful model for how decisions are made.

Explanation:

Rational Behavior guides the decision-making process towards choices that maximize individuals' benefits. Most economic theories assume that any individual taking part in action or activity is behaving rationally. Given the choice, people would choose something that increases their satisfaction.

6 0
3 years ago
According to business analyst Scott Anthony, identifying opportunities requires understanding of:_________
Maurinko [17]

Answer:

the 5Cs of opportunity identication:

1. Circumstance

2. Context

3. Constraints

4. Compensating behaviors

5. Criteria

Explanation:

According to Scot Anthony, to identify opportunities it's important to understand the 5Cs of opportunity identication.

1. Circumstance: Know the specific problems which your customers care about and how they get solutions to it.

2. Context: Know what the customer did in the past and work around it to present something realistic.

3. Constraints: Get to understand customers' barriers and constraint.

4. Compensating behaviors: Understand the compensations that engage your customers.

5. Criteria: In order to know a good solution, it's important to understand the criteria that matter to your customers.

8 0
3 years ago
Other questions:
  • While other suppliers bidding for the contract brought bids with lower per unit costs, Orchard wanted to take delivery based on
    8·2 answers
  • Select the instances in which you should include a comma
    12·2 answers
  • Please help me,,, if someone can help me.. because this very difficult
    5·1 answer
  • Analytical procedures are audit methods of evaluating financial statement accounts by studying and comparing relationships among
    12·1 answer
  • For each of the following accounts indicate the effects of a debit and a credit on the accounts and the normal balance of the ac
    10·1 answer
  • Explain the differences between civil and criminal law.
    8·1 answer
  • Nesmith Corporation is considering two alternatives: A and B. Costs associated with the alternatives are listed below: Alternati
    13·1 answer
  • Preparing an Ending Finished Goods Inventory Budget Andrews Company manufactures a line of office chairs. Each chair takes $14 o
    13·2 answers
  • What is SEO?
    15·1 answer
  • A company has a unit contribution margin of $80 and a contribution margin ratio of 50%. what is the unit selling price?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!