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Leona [35]
3 years ago
7

Pina Colada Furniture factors $670000 of receivables to Sheffield Factors, Inc. Sheffield Factors assesses a 2% service charge o

n the amount of receivables sold. Pina Colada Furniture factors its receivables regularly with Sheffield Factors. What journal entry does Pina Colada make when factoring these receivables
Business
1 answer:
Reika [66]3 years ago
3 0

Answer and Explanation:

The journal entry is shown below;

Cash $656,600

Factoring charges (2% of $670,000)  $13,400

            To Trade Receivables $670,000

(Being recording these receivables)

Here cash and factory charges is debited as it increased the assets and expense while the trade receivable is credited as decreased the assets

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Beacon Industries disclosed the following minimum rental commitments under non-cancelable operating leases in its 2017 annual re
eduard

Answer:

B. $215 million 

Explanation:

The present value of the payment can be found by discounting each cash inflow by the 6% discount rate.

The present value can be found using a financial calculator:

The cash flow for year one = $89

The cash flow for year two = $58

The cash flow for year three = $42

The cash flow for year four = $32

The cash flow for year five = $25

All cash flows are in millions

I = 6%

NPV = $214.87 Million

I hope my answer helps you

3 0
4 years ago
What is warehousing and a warehouse​
elixir [45]

Answer: See explanation

Explanation:

Warehousing refers to the act of storing goods which will then be distributed later or sold. Companies normally have a room or building where they keep their goods and such place are designed for storage.

The Functions of Warehousing include:

• Storage

• Purchasing of goods

• Inventory management.

• Materials handling, and packaging.

On the other hand, a warehouse refers to the building that is used for storing goods and making them available later when they are needed.

6 0
3 years ago
The global economy can have specialized production because of what?
goblinko [34]
The answer to this question is <span>the international division of labor
</span><span>the international division of labor refers to the system that divide people into several groups that handle only specific task according to their expertise.
This division allow organizations to handles broader aspects of their operation which eventually lead to better wuality of products</span>
6 0
3 years ago
Keynes argued that: Group of answer choices the distinction between the short run and the long run is irrelevant. the long run i
Ivenika [448]

Answer:

C. the short run is a more important policy concern than the long run.

Explanation:

John Maynard Keynes was a British economist born on the 5th of June, 1883 in Cambridge, England. He was famous for his brilliant ideas on government economic policy and macroeconomics which is known as the Keynesian theory. He later died on the 23rd of April, 1946 in Sussex, England.

According to the Keynesian Transmission Mechanism, the link between the money market and the goods and services market is indirect; because at first, short-term interest rates are lowered by an increase in the supply of reserves and then with time both the bond and bank loan rates falls. Consequently, this would make investments and aggregate demand (AD curve shifts rightward) to rise or increase as a result of the low cost of capital for investors and by extension it boost the level of production or quantity of output (real gross domestic product or Real GDP). This ultimately implies that, the interest rates affects the real and costs of capital (monetary changes).

Hence, Keynes argued that the short run is a more important policy concern than the long run and he was quoted as saying, in the long-run we're all dead.

3 0
3 years ago
Individuals and business organizations that buy finished goods and resell them to make a profit without changing the physical ch
marysya [2.9K]

Answer: reseller markets

Explanation: In simple words, re-sellers refers to the buyers buying certain goods with the intention of selling them to anyone else. There are suppliers, retailers and distributors on the re-seller trade.

Re sellers can constrain their acquisitions to one product or company or offer a variety of brands and products.

These are the part of supply chain which makes their profit by adding value in the goods in form of providing any kind of service. For example the retailer provides commodities near the customer place hence charges extra for the time saving customer.

4 0
3 years ago
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