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Scilla [17]
3 years ago
9

Lacuna Inc. factors $12,000,000 of its accounts receivables with recourse for a finance charge of 3%. The finance company retain

s an amount equal to 10% of the accounts receivable for possible adjustments. Lacuna estimates the fair value of the recourse liability at $600,000. What would be recorded as a loss on the transfer of receivables
Business
1 answer:
Elena L [17]3 years ago
5 0

Answer:

The loss on transfer of receivables is $960,000

Explanation:

Sales amount                                       $12,000,000

Finance charge 3%*$12 million              ($360,000)

Retention amount 10%*$12 million           ($1,200,000)

Cash upfront                                           $ 10,440,000

The recourse liability is $600,000,which means that additional liability of $600,000 would be incurred by Lacuna Inc, if the total amount from the receivables is not received owing to the fact that the factoring is with recourse.

The loss on transfer of receivables is shown as:

Finance charge                    $360,000

Recourse liability                  $600,000

total loss                                 $960,000

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Answer:

The correct answer is letter "C": The process will help identify employee characteristics that will augment the firm's business strategy and increase the company's return on its staffing investment.

Explanation:

Job analysis is the study of the components needed to complete a job. Companies tend to use this approach to measure the investment necessary for units of production. Thus, in case an employee would like to convince top managers on reasons why to conduct a job analysis, the worker should focus informing the potential return the company could obtain in regards to the individual productivity of employees that could be increased if investing more in staffing.

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Create an oral presentation about yourself that will provide your interviewee with an accurate picture of your skills and prepar
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In creating a personal commercial, one have to give a conversational and natural oral presentation. One can start with:

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<h3>What is a personal commercial?</h3>

Others are:

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2 years ago
Using the information below for Sundar Company; determine the total manufacturing costs added during the current year:
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Answer: $96,500

Explanation:

Manufacturing cost includes all the costs that went into production in a period including direct costs and manufacturing overhead:

= Direct materials + Direct labor + Manufacturing Overhead

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3 0
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