Answer:
Correct answer is B, Debit cash $38,800, debit factoring fee expense $1,200 and a credit of Accounts receivable of $40,000
Explanation:
Factoring is one way to raise fund for immediate use of the company. It is a way to sell accounts receivable of the company. The above-mentioned problem is to sell accounts receivable (factored) with the corresponding factoring fee of 3% and that is $1,200 (40,000 x 3%). In effect of this fee, the company will receive cash less than the amount of its accounts receivable sold. The company will record the inflow of cash at $38,800 (40,000 - 3%) and will also recognize an expense incurred during the factoring in the amount of $1,200 and finally will credit the sold accounts receivable in the amount of $40,000.
First, it really important for me not to raise my voice. i need to maintain my emotion no matter how rude the customer on the phone might be.
Then i will patiently explain the truth about the situation (her friend did not book at my hotel) and i will try to calmly persuade her to ask her friend about the further detail of the booking
The area of business that deals with how a company conducts its business and implements controls to ensure proper procedures and ethical behavior is corporate governance.
<h3>What is corporate governance?</h3>
It should be noted that corporate governance simply means the system through which companies are controlled and directed.
The board of directors of an organization should hold regular meetings, maintain control over the company, and have clearly defined roles as a result of good corporate governance. Additionally, a strong risk management system is ensured. One of the cornerstones of any successful firm is excellent corporate governance.
In this case, it's important for companies to engage in ethical procedures
Therefore, the correct option is corporate governance.
Learn more about corporate governance on;
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Answer:
The correct answer is d) "all of the obligations, jointly and severally"
Explanation:
Oliana is a partner in Pacific Traders. In the majority of states, with respect to any partnership obligations that Oliana does not participate in, know about, or ratify, Oliana would be liable for all of the obligations, jointly and severally
