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Strike441 [17]
3 years ago
13

Choose the correct statements below regarding the transfer of financial assets such as receivables:

Business
1 answer:
WARRIOR [948]3 years ago
5 0

Answer:

The correct statement regarding the transfer of financial assets such as receivables:

b. II only.

Explanation:

The transfer is not regarded as payment for the debt.  Therefore, a liability is recorded for the amount borrowed while the financial asset remains in the records of the transferor until the final settlement.  Appropriate disclosures are made in the transferor's financial statements about the security on the financial assets.

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During the taking of its physical inventory on December 31, 2014, Barry's Bike Shop incorrectly counted its inventory as $225,51
Kryger [21]

Answer:

The inventory would be increased by $55,283 and the profit has been decreased by the same amount.

Explanation:

The reason is that the closing inventory has been increased by the difference of the correct and incorrect amount which is:

Closing inventory difference = $225,513 - $170,230 = $55,283

This will increase the closing inventory in the balance sheet and the increase in the closing inventory will decrease the cost of goods sold. The lower the cost of goods sold the greater is the profit.

6 0
4 years ago
To create the best design concept for your client, it is generally best to only consider the culture in which the interior desig
Komok [63]

I say false because you would need to know what they like or dislike

3 0
4 years ago
A Deaf person goes to a sports bar, and asks the manager to turn on the captions. The manager turns it on. After a few minutes,
MissTica

Answer:

resilience

Explanation:

Based on the scenario being described within the question it can be said that this is called resilience. In the context of psychology, this term refers to the ability of an individual to be able to cope with certain difficult situations. Which in this case the manager agreeing with everyone and simply following the request that have been given shows his resilience towards the situation.

8 0
3 years ago
Read 2 more answers
Drag each description to the correct location on the chart. Determine which direction a nation’s PPC will shift as a result of t
vampirchik [111]
<span>Several multinational companies close their factories in the nation because of its changing economic climate.
Shifts left. The maximum production of the economy is lower because their are fewer factories. 

A mass e-learning initiative makes education cheaper and accessible across the nation.
Shifts right. This makes education less expensive, freeing up public and private money for investment and other uses which can further increase output.

Government money is illegally taken by increasingly corrupt bureaucrats and politicians.
Shifts left. this money is taken out of the economy where it could otherwise be invested in factors of production. 

New economic policies facilitate the signing of new international trade agreements.
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7 0
4 years ago
Suppose you plan to hold a stock for one year. You expect that, in one year, it will sell for $30 and pay a dividend of $3 per s
Mariana [72]

Answer:

Today's price = = $30

Explanation:

The question requires the most price one is willing to pay today for the following

a) a stock that will sell for $30 in 1 year

b) Payout a dividend of $3

3) with a return rate on equity of 10%

To calculate the price for today or the present value,

we add the dividend expected to the selling price as follows

$3 + $30 = $33

The rate = 10% and the period = 1 Year

Present value = Future Value / (1+r)∧n

= 33/ 1.1

= $30

4 0
4 years ago
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