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o-na [289]
2 years ago
9

Peggy is in the business of factoring accounts receivable. Last year, she purchased a $30,000 account receivable for $25,000. Th

is year, the account was settled for $25,000. How much loss can Peggy deduct and in which year?
a. $5,000 for the prior year.
b. $10,000 for the current year.
c. $5,000 for the prior year and $5,000 for the current year.
d. $5,000 for the current year.
e. None of these choices are correct.
Business
1 answer:
N76 [4]2 years ago
3 0

Answer:

e. None of these.

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Answer:

b. deliver the goods to a particular destination.

Explanation:

Under the delivery contract when there is a contract between the buyers and sellers, the seller is obligated to deliver the good to a particular destination. After delivery to the destination the seller's obligation to the buyer ends.

So the contract between Timber Mills corporation and Ur-Choice Lumber yards, the supplier must deliver the goods to a predetermined location.

8 0
3 years ago
Comprehension and speed are the two most important traits in reading for business. please select the best answer from the choice
OLga [1]

Answer:

true

Explanation:

But accuracy would be a better option speed is good, so you are always on task and comprehension for big words.

3 0
2 years ago
A customer opens a short margin account by selling short 600 shares of XYZ stock at $80 per share and deposits the required marg
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Answer:

It will increase by 50%

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Find attached below table of solution

4 0
3 years ago
Current liabilities __________.a. are listed in the balance sheet, starting with accounts payable.b. are listed in the balance s
dimulka [17.4K]

Answer:

Option D Are obligations that the company is to pay within the forthcoming year.

Explanation:

The liabilities are the obligation of the company that has arisen due to the occurence of past event and the organization is liable to pay the consideration (something that is valuable in monetary terms) to party. Their are many obligations that are not written in the financial statement which IAS 37 Provisions, Contingent Liabilities and Contingent Assets, does not permit to include in financial statement depending upon the chances of liability arising is remote or reasonably possible but not certain or probable. So the right answer is option D.

4 0
3 years ago
Which sentence identifies the concept of perishability? Tourism is a service-oriented field in the goods-service continuum. Four
allochka39001 [22]

Thirdly, storage of services is not possible, as services are consumed when offered to a customer.

Answer: Option 3.

<u>Explanation:</u>

Perishable is a feature where a good or service can not be stored for long. They might get hampered and do not remain like their original self if they are stored.

Services have a perishable nature in the sense that they can not be stored like some of the goods which can be stored. The services are to be consumed then and there at the moment when they are offered to the customers. They can not be kept reserved.

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