1.Anderson Company transferred $100,000 of accounts receivable to the Eastern Bank. The transfer was made without recourse. East
ern remits 90% of the factored amount to Anderson and retains 10%. When the bank collects the receivables, it will remit to Anderson the retained amount (which Anderson estimates has a fair value of $8,000) less a 3% fee (3% of the total factored amount). What amount of loss on sale of receivables would Anderson record
Laffer curve is the curve built on graph which explains that tax revenue will be increased when tax rates are raised. It also indicates that the tax revenue will increase to a certain point on the R-max line after which the curve starts declining which means the tax revenue will decline.
Explanation:
Laffer curve is a theory by economists which indicates the relationship between tax rates and the tax revenue. If the tax rates are increased then the tax revenue will also rise. This is the theory which is believed by many economists and many businesses also follow such strategy to improve their business profits.
So what would happen is that means America and other country's or states would not get the items they need. Mostly everything that comes from china goes to America. Even though Corona virus has stopped us from shipping people or items, we can't do it. The cost would definitely go down and workers for the Chinese government would not want to work since there doing a hard job but so little money.
A. To determine the total earnings incurred by Carson by being a part-time employee at a certain store, we have to just multiply his hourly rate with the total number of hours that he spent working for a certain week.