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astra-53 [7]
3 years ago
11

During 2020 Came Corporation transferred inventory to Nolan Corporation and agreed to repurchase the merchandise early in 2021.

Nolan then used the inventory as collateral to borrow from Norwalk Bank remitting the proceeds to Carne. In 2021 when Carne repurchased the inventory, Nolan used the proceeds to repay its bank loan. On whose books should the cost of the inventory appear at the December 31, 2020 balance sheet date?
A) Came Corporation
B) Nolan Corporation
C) Norwalk Bank
D) Nolan Corporation, with Came making appropriate note disclosure of the transaction
Business
1 answer:
Phoenix [80]3 years ago
5 0

Answer:

A) Came Corporation

Explanation:

This type of transaction is called a product financing arrangement by which one company (Came Corporation) facilitates inventory to another company for the purpose of the second company using it as collateral for a bank loan. Came should include the inventory cost in its balance sheet since it gave it Nolan but promised to repurchase it back.

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If a firm produced a standard item with relatively stable demand, the smoothing constant alpha (reaction rate to differences) us
ICE Princess25 [194]

Answer:

c. 5 to 10 percent

Explanation:

The smoothing constant alpha is a variable that forms a part of time series analysis. The basis of this time series analysis is known as the exponential smoothing.

Note that the exponential smoothing has its input in the form of smoothing factor used for calculations. It puts in place a weightage menthod to calculate demand.

the firm is engaged in the production of standard item with a stable demand, This can be estimated at 5 to 10 percent as the stable demand would result in the firm having standarised processes and forecasts in place as per the expected production capacity the differences will be minimal.

8 0
4 years ago
You are the project manager for the Late Night Smooth Jazz Club chain, with stores in 12 states. Smooth Jazz is considering open
scoundrel [369]

Answer:

Project Kansas City

Explanation:

Payback period: It reflects the period at which the investor recovered their invested money. It always shows in years.  

IRR: It refers to the internal rate of return. It shows an interest rate at which the Net present value is zero or the initial investment and the present value of all years cash flow would be equal

In the question, it is mentioned that Project Kansas city has a payback period of 27 months and IRR is 6% whereas the project Spokane has a payback period of 25 months and IRR is 5%.

So if we compare both the projects based on IRR, the project Kansas city has higher IRR which means it produces a higher return in the near future.

3 0
3 years ago
Larson Lumber makes annual deposits of $500 at 6% compounded annually for 3 years. What is the future value of these deposits?
Oliga [24]

Answer: $‭1,591.8‬0

Explanation:

This is an annuity as the deposits are constant.

The Future value of an annuity is;

= Annuity * Future value interest factor of annuity, 6% , 3 years

= 500 * 3.1836

= $‭1,591.8‬0

6 0
3 years ago
Using a perpetual inventory system, the entry to record the return of inventory previously purchased on account includes a: Debi
prohojiy [21]

Answer:

Debit to Accounts Payable.

Explanation:

Using a perpetual inventory system, the entry to record the return of inventory previously purchased on account includes

Accounts Payable Dr.

Merchandise Inventory Cr.

In the periodic system the temporary Purchase Return and Allowances Accounts accumulates the cost of all returns and allowances during a period.

In periodic system each purchase, purchase returns, discounts, transportation in, transactions are recorded in separate temporary accounts.

7 0
3 years ago
is an arrangement under which an investment banker agrees to purchase all shares of a public offering at an agreed-upon price. a
Andreyy89

What is Investment Banker?

Investment bankers advise businesses and, in certain situations, governments on financial matters. They assist their clients in fund raising. That could entail issuing stock, putting a bond on the market, negotiating the purchase of a competing business, or setting up the sale of the firm as a whole. Famously, investment bankers play a major part in the initial public offers (IPOs) of emerging companies getting ready to go public. That is merely one of their work assignments, though.

What is A Private Placement?

A private placement is when stock or bonds are sold to institutions and investors who have been hand-picked rather than on the open market. It is a substitute for an initial public offering (IPO) for a business looking to raise money for growth.

Wealthy individual investors, banks and other financial institutions, mutual funds, insurance companies, and pension funds are among the investors asked to take part in private placement programs.

A private placement is the sale of securities to a small group of organizations and people.

Comparatively speaking to the open market, private placements are less strictly regulated.

Startups today frequently use private sales in order to raise capital and delay or avoid an initial public offering (IPO).

To learn More about investment banker from the given link.

brainly.com/question/12301548

#SPJ4

8 0
2 years ago
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