Answer:
$50,000
Explanation:
Calculation to determine the amount of the loss on sale of receivables that CarsRUs would recognize at the sale of its receivables
Using this formula
Loss on sale of receivables=[(Recourse Accounts receivable*Finance fee charges)+Estimated recourse liability]
Let plug in the formula
Loss on sale of receivables=(3%*$800,000)+$26,000
Loss on sale of receivables=$24,000+$26,000
Loss on sale of receivables=$50,000
Therefore the amount of the loss on sale of receivables that CarsRUs would recognize at the sale of its receivables will be $50,000
The Original Constitution meant that Congress could not ban the slave trade until 1808.
<h3>When did Congress ban the slave trade?</h3>
In the original Constitution of the United States, Northern states wanted to ban the slave trade but the South resisted.
They then came to a compromise where Congress would only ban the slave trade in 1808. This was contained in the Constitution in Article 1, Section 9. The domestic slave trade in the United States continued however.
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Answer:
C) Cost of Goods Available for Sale
Explanation:
Cos of goods available for sale appears in income statement made under periodic Inventory system but it does not in the income statement made under perpetual inventory system. In per periodic system COGS is calculated by adjusting purchases, allowances for purchases, freight and all other cost to cost of goods available for sale. By deducting closing inventory we calculate the COGS. On other hand in perpetual system purchases are added in the opening and purchase return and closing inventory deducted to reach at COGS.
Answer:
B. Continue to rise
Explanation:
Since if the chart represents the DJIA and the line of advance or decline rises since the month of January and still it continues to be rise so the market should considered that the more and more stocks are increasing in terms of price rather than dropping
Therefore the correct option is B. continue to rise
