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Vilka [71]
2 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:
meriva2 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.

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4.3. Identify THREE benefits that could inspire one to avoid being unemployed after graduating (3x2) (6)​
Sati [7]

Three benefits that could inspire one to avoid being unemployed after graduating is:

  • Do the Job you would desire after graduating during college
  • Apply for internships
  • Develop the qualities of a leader during college.

<h3>What is Unemployment?</h3>

Unemployment is a state of being idle without job. It is a situation where one does not work and does not earn.

Applying for internships during college can spur an individual to avoid being unemployed after graduating. Also, doing the work you desire to do after college can be a motivating factor and developing leadership skills can inspire one to avoid being unemployed after graduating.

Learn more about Unemployment here:

brainly.com/question/305041

7 0
2 years ago
The adjustment for overapplied overhead ______ net income.
tester [92]

Answer:

<em>The adjustment for overapplied overhead </em><em><u>decreases cost of goods sold and increases</u></em><em> </em><em>net income</em>

6 0
2 years ago
The U.S. stock market has returned an average of about 9% per year since 1900. This return works out to a real return (i.e., adj
taurus [48]

Answer:

Final value= $242,726.24

Explanation:

Giving the following information:

The U.S. stock market has returned an average of about 9% per year since 1900.

This return works out to a real return (i.e., adjusted for inflation) of approximately 6% per year.

If you invest $100,000 and you earn 6% a year on it for 30 years.

We know inflation is 3% (average), so our real interest rate is approximately 3%.

We need the final value formula:

FV= PV*(1+i)^n

FV= 100000*(1.03)^30= $242,726.24

3 0
3 years ago
A person who produces work in the vernacular is one who
balu736 [363]
Writes in their own language as used colloquially.
4 0
3 years ago
Accoints payable ledger contains all of the balance sheet and income tstatmeent accounts true or false
xeze [42]
False, only shows transactions and amounts owed.
3 0
3 years ago
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